Saputo Dairy Australia Pty Ltd proposes to acquire Murray Goulburn's operating assets

Acquirer(s)

  • Saputo Dairy Australia Pty Ltd

Target(s)

  • Murray Goulburn Co-operative Co Limited

Summary

Saputo Dairy Australia Pty Ltd proposes to acquire Murray Goulburn's operating assets.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Undertakings

Document title Date

Timeline

DateEvent
17/11/2017ACCC commenced review under the Merger Process Guidelines.
04/12/2017Closing date for submissions from interested parties.
21/12/2017ACCC requested further information from Saputo.
18/01/2018ACCC received further information from Saputo.
02/02/2018Former provisional decision date of 15 February 2018 delayed due to the ACCC requiring more time to consider data and other information.
01/03/2018ACCC published a Statement of Issues outlining preliminary competition concerns.
05/03/2018Saputo announced that it proposes to offer an undertaking to the ACCC to divest the Koroit facility to address the ACCC's competition concerns.
13/03/2018Closing date for submissions relating to Statement of Issues.
15/03/2018ACCC commenced market inquiries on the draft undertaking offered by Saputo.
22/03/2018Closing date for submissions relating to draft section 87B undertaking.
28/03/2018Former proposed decision date of 29 March 2018 delayed to allow the ACCC to consider the feedback received from market participants on the undertaking proposed by Saputo.
04/04/2018ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by the ACCC.