The Australian Competition & Consumer Commission (or ACCC) announces that the regulator would not oppose the proposed acquisition of Lion Dairy & Drinks Pty Ltd by the Chinese firm Mengniu Dairy Company Ltd. (owner of Bellamy's Australia ((ASX:BAL)).
• The competition regulator closely considered and examined whether the proposed acquisition would have an impact on competition for the purchase of raw milk from dairy farmers in the Gippsland region.
• Mengniu is proposing to acquire Lion D&D’s raw milk processing facilities in Australia, two of which are located in Chelsea and Morwell in Victoria.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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