NEW ZEALAND: Experts warn that merger of dairy giants may be delayed
Despite the comments of chairman-designate John Roadley, analysts are warning that the slow pace of the government decision-making could prevent the merger of New Zealand's two largest dairy companies by the 1 June deadline. The proposed merger between the New Zealand Dairy Group of Companies and Kiwi Cooperative Dairies has attracted widespread support amongst farmers, but the government is responsible for ensuring that resulting company Global Dairies will not abuse its domestic dominance. It will rank as the 14th largest dairy company in the world, and should it get involved the Commerce Commission could easily drag its heels.
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