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Romania/France: Antitrust body clears Lactalis takeover of dairy producer Albalact

By  |  July 6, 2016

Romania’s antitrust regulator said on Wednesday it has approved the recent takeover of Romanian dairy producer Albalact by French group Lactalis.

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    At end-January, Albalact agreed on the sale of a combined 70.3% stake in the company to Lactalis.

    “Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by creating or strengthening a dominant position,” the anti-trust body said in a statement.

    Albalact is the largest majority domestically-owned dairy maker in Romania. It was established in 1971 and privatised in 1999.

    Albalact holds 99.01% of the shares of Raraul Campulung Moldovenesc and 100% of Albalact Logistic, employing more than 1,000 people in the three entities.

    The company markets more than 150 pasteurised and UHT products under its brands Zuzu, Fulga Raraul, de Albalact, and Poiana Florilor.

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