Wilmar confirms raid by South African authorities; pledges cooperation

SINGAPORE (Dec 9): Wilmar International has confirmed that its South African subsidiary Wilmar Continental Edible Oils and Fats was raided by the Competition Commission of South Africa.

In a filing on Thursday night, Wilmar said the search and seizure operation was part of a an industry-wide investigation by the Competition Commission and was one of the many raids against several companies involved in the manufacture and distribution of refined edible oils, baking fats and margarine in South Africa.

Wilmar expressed its disappointment at the raid but declined to comment on any matters that are part of the on-going investigation in its statement.

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