AUSTRALIA | Bega Cheese Limited has advised the ACCC that it intends to lodge an application imminently for the regulator’s informal merger clearance of Bega’s potential acquisition of Fonterra Oceania.
As an Australian-owned company, Bega Group does not require Foreign Investment Review Board (FIRB) approval for the potential acquisition.
Bega Group believes that if it were to be included in the sale process and the successful acquirer of the Oceania assets, it would significantly enhance outcomes for the company and the dairy industry as a whole, particularly in Australia.
The combination of the Fonterra and Bega Group assets in Australia would lead to greater efficiencies and enhanced outcomes for Australian farmers, customers and consumers.
Bega hopes to work constructively with Fonterra Group on the sale of its Oceania businesses, of which Bega is the natural acquirer and in which it remains very interested.
For over a century, Bega has been a passionate maker and innovator of food and today, they produce foods, beverages, and ingredients that millions of people use daily.
From its humble beginnings in the Bega Valley, they've grown into a global business with a team based throughout Australia and abroad. Bega has remained deeply connected to the land and the communities that have helped us become one of Australia’s largest food companies.
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