Fonterra interest in Dairy Farmers

Fonterra has asked Australia’s competition regulator if it has any potential concerns over a possible deal to take over Australian milk cooperative Dairy Farmers. This comes before Fonterra’s bid is formally assessed by the cooperative’s board and follows a similar approach by Kirin-owned National Foods last month.

According to Dairy Farmers’ CEO Rob Gordon, other interested parties may initiate similar regulatory clearance processes in the coming weeks.
“Dairy Farmers’ board has requested interested bidders seek the necessary regulatory clearances, including ACCC reviews, prior to it formally assessing proposals,” Gordon says.