Australian dairy cooperative Dairy Farmers would be split in two should Parmalat and Murray Goulburn succeed with a joint takeover bid for the business.

The news comes as details of the Parmalat-led bid were released by the Australian Competition and Consumer Commission (ACCC) in a letter to market participants.
“Parmalat and Murray Goulburn have formed a consortium with a view to acquiring Dairy Farmers. The proposed transaction would ultimately result in two separate dairy businesses, each with its own particular dairy industry focus and each separately controlled,” writes the ACCC.
Although the precise split is yet to be determined, one company, to be ca