Australia's competition watchdog says the proposed acquisition of a Corowa agri-food company "is unlikely to substantially lessen competition in any market".
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The Australian Competition and Consumer Commission announced this week it did not oppose JBS Australia's plans to acquire Rivalea, which owns pig abattoirs in Corowa and Laverton and supplies fresh pork and value-added pork to wholesalers and retailers.
JBS Australia welcomed the decision, noting the acquisition remained subject to Foreign Investment Review Board approval.
In a statement, the company said it had a history of growing its Australian businesses, investing in local operations and supporting regional economies.
"We will employ this same locally-minded approach at Rivalea," JBS Australia said.
IN OTHER NEWS:
Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:
- Bookmark https://www.bordermail.com.au/
- Make sure you are signed up for our breaking and regular headlines newsletters
- Follow us on Twitter: @bordermail
- Follow us on Instagram @bordermail
- Follow us on Google News.
