The New Zealand competition watchdog the Commerce Commission today [Monday] gave the go-ahead to a 50%-owned unit of Fonterra Cooperative Group Ltd to buy the outstanding 50% of Grated Cheese Co. (GCC) it doesn’t already own.

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GCC produces grated, shredded and diced cheeses under the Greenfields brand from raw material supplied by Fonterra. It exports products to Australia, Asia, Latin America and the Middle East.

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