Kraft Foods Inc - proposed acquisition of Cadbury Plc


  • Kraft Foods Inc


  • Cadbury Plc


On 9 November 2009, Kraft Foods Inc announced the terms of an offer to acquire the whole of the issued and to be issued share capital of Cadbury plc.

Market definition

The ACCC considered the proposed acquisition in the context of a national market for the supply of chocolate confectionery.

Competition analysis

The ACCC concluded that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. The ACCC considered that the proposed acquisition would result in a marginal increase in concentration and that the merged firm would continue to be constrained by other significant suppliers of chocolate confectionery in Australia. The ACCC also considered that the merged firm would be unlikely to have any increased ability or incentive to leverage its strong brands such as 'Vegemite' or 'Cadbury Dairy Milk' to foreclose competition in related markets.


11/11/2009ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced.
30/11/2009Closing date for submissions from interested parties.
15/12/2009ACCC announced it would not oppose the proposed acquisition.