Multi-million-pound dairy merger gets the green light

The Competition and Markets Authority has cleared the proposed acquisition by Arla Foods of Yeo Valley Dairies. In February, Leeds-headquartered Arla Foods announced it was to acquire Yeo Valley Dairies, a subsidiary of the Yeo Valley Group, in a multi-million-pound deal. The CMA has now concluded its phase one investigation and has granted permission for a licence to supply certain dairy products under the Yeo Valley brand. The transaction is now unconditional. The transaction will give the farmer-owned dairy cooperative the... For the full story register now for free or login below...
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