Dairy Crest to become more attractive takeover prospect following regulators’ ok for milk-unit sale this week
Dairy Crest’s sale of its milk arm to the Germany-based yoghurt company Muller (Mueller) is expected to be passed by the Competition and Markets Authority (CMA) this week, The Sunday Times reported. According to City sources cited in the report, the regulator’s approval is likely to enhance UK-listed Dairy Crest’s desirability as a target for potential acquirers.
Individual Dairy Crest food brands, such as Country Life butter and Cathedral City cheeses, will also become more attractive as a result, the sources said.
Dairy Crest is believed to have been eyed by its French competitor Lactalis and the private-equity house PAI Partners previously, the report said.
The original article appeared in print: Business section, page 3
Sunday Times