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Coles Gets Green Light for $105 Million Milk Plants Purchase

Coles Gets Green Light for $105 Million Milk Plants Purchase
People line up outside a Coles supermarket in Melbourne, Australia, on Aug. 2, 2020. Darrian Traynor/Getty Images
AAP
AAP
12/1/2023|Updated: 12/1/2023
0:00

Coles expects its acquisition of two state-of-the-art automated milk processing facilities from Saputo Dairy Australia will be completed in the first half of next year after the competition regulator gave its blessing.

The Australian Competition and Consumer Commission (ACCC) announced on Dec. 1 it would not move to block the $105 million (US$70 million) deal first announced in in April between Coles and the Australian subsidiary of Canadian diary giant Saputo Inc.

AAP
AAP
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Australian Associated Press is an Australian news agency.
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