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news.com.au said:ACCC clears the way for China Mengniu Dairy bid for Lions Dairy and Drinks portfolio
The ACCC will not stand in the way of the $600 million bid by China Mengniu Dairy for Lions Dairy and Drinks portfolio, which includes the Dairy Farmers, Pura, Dare and Farmers Union iced coffee brands.
The competition watchdog on Friday said Mengnius proposal to acquire Lions raw milk processing facilities in Australia would not substantially lessen competition in the Gippsland region, where Mengniu already has a presence due to a partial ownership of Burra Foods.
ACCC Deputy Chair Mick Keogh said while Burra and Lion D & D compete for raw milk, they were not close competitors.
Our investigations concluded that dairy farmers are unlikely to switch between the two, Mr Keogh said.
The ACCC also considered that a combined Mengniu-Lion D & D will continue to be constrained by Saputo and Fonterra, as well as a number of smaller raw milk processors in the region.
https://www.news.com.au/finance/bus...o/news-story/d5e14f5535fa7f9b96029ddd394228b8
Getting worse and worse