The Office of Fair Trading has cleared the proposed merger of milk producers Milk Link and First Milk.
The two firms proposed the merger in October this year to create a company that would hold a 20% share of the UK cheese market and produce 2.9 billion litres of the UK's 13 billion litres of milk a year.
“We are pleased that the OFT has decided to clear our proposed merger,” First Milk and Milk Link said in a joint statement.
“We continue to make progress with regard to the due diligence work necessary to facilitate both boards endorsing the merger to their members.”
The two firms proposed the merger in October this year to create a company that would hold a 20% share of the UK cheese market and produce 2.9 billion litres of the UK's 13 billion litres of milk a year.
“We are pleased that the OFT has decided to clear our proposed merger,” First Milk and Milk Link said in a joint statement.
“We continue to make progress with regard to the due diligence work necessary to facilitate both boards endorsing the merger to their members.”
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