Lactalis Gains Momentum in Acquisition of Fonterra's Consumer Business

Lactalis has received a significant advantage in its pursuit to acquire Fonterra Co-operative Group’s consumer business, which is set to be spun-out. The Australian competition regulator announced on Thursday that it would not oppose a deal between the two companies should they agree to terms, following an informal two-month review. This decision eases potential regulatory barriers for Lactalis, a major player in the dairy industry, facilitating a smoother acquisition process.