Fonterra and Nestlé get green light to sell DPA Brazil

The Brazilian deal has now been unanimously approved, with some conditions. (Image: Getty)

Tue, 17 Oct 2023

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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