National Foods, the Australian food manufacturer, is reported to have submitted an application for regulatory clearance to acquire up to 100% of New Zealand Dairy Foods.
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The application clears up speculation that NatFoods was one of the parties interested in buying NZDF. Other bidders are believed to include Parmalat, Kraft and Nestlé.
The Commerce Commission said it would investigate the impact of allowing one of Australia’s largest food companies, NatFoods, to buy NZDF, more specifically whether such a deal would be detrimental to competition.
