A PYMNTS Company

Australia: Saputo wins regulator’s nod for $775m Murray Goulburn takeover

By  |  April 4, 2018

Saputo won approval on Wednesday, April 4, from Australia’s competition regulator for the planned AUS$1 billion (US$771.6 million) takeover of the country’s largest dairy processor, Murray Goulburn Co-operative, after the Canadian company agreed to sell a key asset.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    After two periods of consultation the Australian Competition and Consumer Commission has announced it will not oppose Canadian giant,Saputo’s purchase of Murray Goulburn.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    The regulator had previously been a stumbling block for the sale after it opposed the initial deal due to what it saw as a concentration of the milk market in south-west Victoria.

    Full Content: ABC News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.