Dairy Crest Group PLC Sale of Dairies operations - phase 2 investigation (0814Q)
June 12 2015 - 12:28PM
UK Regulatory
TIDMDCG
RNS Number : 0814Q
Dairy Crest Group PLC
12 June 2015
12 June 2015
Dairy Crest Group plc ("Dairy Crest")
The CMA refers the sale of Dairy Crest's Dairies operations to
Müller for a phase 2 investigation
On 6 November 2014 Dairy Crest announced that it had agreed to
sell the assets of its Dairies operations to Muller UK &
Ireland Group LLP ("Müller"). The sale has already received the
approval of Dairy Crest shareholders.
It remains conditional on the approval of the Competition and
Markets Authority ("CMA"). The CMA has today announced that it is
referring the sale for a phase 2 investigation. This phase is
likely to take a minimum of 24 weeks.
Mark Allen, Chief Executive of Dairy Crest, commented:
"We always anticipated that the sale would be referred to phase
2. We remain convinced that this is a great deal for our customers
and farmers which will help create a more sustainable UK dairy
sector at a time when it faces significant challenges. We remain
confident of receiving approval at the end of phase 2."
For further information,
please contact:
Dairy Crest Group plc
Arthur Reeves 01372 472236
Brunswick Laura Buchanan
/ Rebecca Lum 020 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMGMVKZRGKZM
Dairy Crest (LSE:DCG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Dairy Crest (LSE:DCG)
Historical Stock Chart
From Mar 2023 to Mar 2024