Fonterra and Nestlé get green light to sell DPA Brazil

Fonterra and Nestlé get green light to sell DPA Brazil
The Brazilian deal has now been unanimously approved, with some conditions. (Image: Getty)
Rebecca Howard
Brazil’s antitrust watchdog has given the go-ahead for a bid by Fonterra and Nestlé to sell Dairy Partners Americas Brazil to French dairy company Lactalis.In December 2022, the two dairy giants agreed to sell DPA Brazil for about $210 million. The deal was expected to be completed by mid-2023, subject to regulatory authority approvals.Officials from Brazil’s General Superintendence of the Administrative Council for Economic Defence (Cade), however, raised competition concerns in the dairy refrigerated markets, particularly i...

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