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...