MONTREAL — Australia’s competition regulator has signed off on Quebec dairy giant Saputo Inc.’s proposed purchase of dairy processor Murray Goulburn Co-Operative Co. after the Canadian company agreed to sell a key plant.<\/p>\n
The regulator had raised concerns the acquisition would give Saputo control of the two largest dairy plants in southwest Victoria and southeast South Australia.<\/p>\n
Under the deal with the regulator, Saputo will sell Murray Goulburn’s Koroit plant within a specified period to a buyer which will need to be approved by the regulator.<\/p>\n
The agreement also includes details of transitional milk supply arrangements and independent management for the plant until it is sold.<\/p>\n
Saputo announced the deal to buy Murray Goulburn in October for $1.3 billion.<\/p>\n
The deal still requires approval by Murray Goulburn shareholders and Australia’s foreign investment review board.<\/p>\n
Companies in this story: (TSX:SAP)<\/p>\n","protected":false},"excerpt":{"rendered":"
MONTREAL — Australia’s competition regulator has signed off on Quebec dairy giant Saputo Inc.’s proposed purchase of dairy processor Murray Goulburn Co-Operative Co. after the Canadian company agreed to sell a key plant. The regulator had raised concerns the acquisition would give Saputo control of the two largest dairy plants in southwest Victoria and southeast […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3612"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=3612"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3612\/revisions"}],"predecessor-version":[{"id":3613,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/3612\/revisions\/3613"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=3612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=3612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=3612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}