Fonterra and Nestlé's sale of DPA Brazil faces challenge

Competition officials in Brazil have concerns over the proposed deal. (Image: Getty)

Wed, 26 Jul 2023

Brazil’s antitrust watchdog is challenging a bid by Fonterra and Nestlé to sell Dairy Partners Americas Brasil to French dairy company Lactalis.Last December, the two dairy giants agreed to sell DPA Brasil for approximately $210 million. The deal was expected to be completed by mid-2023, subject to regulatory authority approvals. The decision to challenge the operation was published in Brazil’s official gazette this week, according to an English translation of the notice.Officials from the General Superintendence of the...

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