FDBusiness.com

Dairy Crest/Müller Deal Sent For Phase 2 Investigation

 Breaking News

Dairy Crest/Müller Deal Sent For Phase 2 Investigation

Dairy Crest/Müller Deal Sent For Phase 2 Investigation
June 15
11:50 2015

The UK Competition and Markets Authority (CMA) is referring the proposed sale of Dairy Crest’s Dairies operations to Muller UK & Ireland Group for a phase 2 investigation. The CMA has found that the proposed acquisition gives rise to a realistic prospect of a substantial lessening of competition in the supply of fresh milk to major grocery retailers with national scope (national multiples) in certain regions in Great Britain.

On 6 November 2014 Dairy Crest announced that it had agreed to sell the assets of its Dairies operations to Muller UK & Ireland Group. The sale has already received the approval of Dairy Crest shareholders.

It remains conditional on the approval of the CMA. The phase 2 investigation is likely to take a minimum of 24 weeks.

Mark Allen, chief executive of Dairy Crest, comments: “We always anticipated that the sale would be referred to phase 2. We remain convinced that this is a great deal for our customers and farmers which will help create a more sustainable UK dairy sector at a time when it faces significant challenges. We remain confident of receiving approval at the end of phase 2.”


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements