According to 7 News:<\/p>\n
The competition watchdog says Mengniu\u2019s proposal to acquire Lion\u2019s raw milk processing facilities in Australia will not substantially lessen competition in the Gippsland region, where Mengniu already has a presence due to a partial ownership of Burra Foods.<\/p>\n
\u201cWhile Burra and Lion D&D compete for the acquisition of raw milk, they are not close competitors, and our investigations concluded that dairy farmers are unlikely to switch between the two,\u201d ACCC Deputy Chair Mick Keogh said.<\/p>\n
\u201cThe level of aggregation from the proposed acquisition will be relatively low, with Burra and Lion D&D combined acquiring less than 25 per cent of raw milk in Gippsland.<\/p>\n
\u201cTwo other large raw milk buyers remain in the Gippsland region, Saputo and Fonterra, as well as some smaller processors.\u201d<\/p>\n<\/blockquote>\n\n
The ACCC has given the green light for Chinese company Mengniu Dairy\u2019s takeover of Lion\u2019s dairy and drinks business. Brands such as Farmer's Union, Big M and Pura would be bought out under the deal. #7NEWS<\/a> https:\/\/t.co\/awgwzYpyJY<\/a><\/p>— 7NEWS Adelaide (@7NewsAdelaide) February 21, 2020<\/a><\/blockquote>