ACCC delays decision on Coles buying milk processing plants from Saputo

Dairy farmers warn the deal could reduce competition and lead to lower prices for producers

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The Australian consumer watchdog has delayed its decision on the acquisition by supermarket giant Coles of two major milk processing facilities, which dairy farmers warn would further reduce competition and lower milk prices.

In April, Coles announced it had purchased two fresh milk processing plants from dairy processor Saputo for $105m, subject to regulatory approval from the Australian Competition and Consumer Commission (ACCC).

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