Müller acquisition of Dairy Crest’s dairy operation approved


 

The Competition and Markets Authority (CMA) has given the green light to Müller UK & Ireland Group’s purchase of Dairy Crest’s dairy operation – almost a year after the plan was first revealed. Under the approved proposal, Müller will pay in the neighbourhood of £80m for the Dairy Crest operation when the transaction concludes in late December, with the exact final figure subject to adjustment based on variances in Dairy Crest’s working capital, capital expenditure and profitability nearer the time. […]