Reported about 17 hours ago
Bega Group, an Australian food and dairy company, is seeking informal merger clearance from the Australian Competition and Consumer Commission to acquire Fonterra’s Oceania business, which includes operations in Australia and New Zealand. This move is part of Fonterra's strategy to streamline its operations and focus on dairy ingredients. Bega believes that acquiring these assets would benefit both its company and the Australian dairy industry overall, but it faces competition from other potential buyers like Lactalis and Saputo.
Source: YAHOO