April 3, 2018 / 11:43 PM / in 5 months

BRIEF-ACCC Approves Saputo-Murray Goulburn Acquisition Undertaking

April 4 (Reuters) - AUSTRALIAN COMPETITION AND CONSUMER COMMISSION:

* ACCC APPROVES SAPUTO-MURRAY GOULBURN ACQUISITION UNDERTAKING

* WILL NOT OPPOSE DEAL AFTER ACCEPTING A COURT-ENFORCEABLE UNDERTAKING FROM SAPUTO TO DIVEST MURRAY GOULBURN’S KOROIT PLANT

* MURRAY GOULBURN CONFIRMED SAPUTO DIVESTING KOROIT WILL NOT IMPACT ASSET SALE TO SAPUTO, INCLUDING CONSIDERATION SHAREHOLDERS WILL RECEIVE FROM SALE

* SALE SUBJECT TO CONDITIONS THAT INCLUDE APPROVAL BY THE FOREIGN INVESTMENT REVIEW BOARD

* WILL ISSUE A PUBLIC COMPETITION ASSESSMENT IN DUE COURSE THAT WILL OUTLINE THE REASONS FOR ITS DECISION IN MORE DETAIL Source text for Eikon: Further company coverage:

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