Milco could appeal Clover conditions
Local dairy products company and consortium seeking to take it over allege that the Competition Tribunal has deviated from their proposed conditions
26 September 2019 - 19:52
JSE-listed dairy products producer Clover Industries could appeal against the conditions set by the Competition Tribunal on its merger with Milco consortium, the JSE-listed diary company said on Thursday.
On Wednesday the tribunal approved the takeover of Clover by Milco consortium, which is led by Tel Aviv-based Central Bottling Company (CBC), following a recommendation by the Competition Commission that the R4.8bn transaction be given the nod subject to conditions. The deal will result in the delisting of Clover. ..
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