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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.

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    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.

    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

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