Commission clears NZCDC acquisition of East Tamaki
Published02 Sep 1996
The Commerce Commission today cleared the New Zealand Co-operative Dairy Company Ltd to acquire the assets of the East Tamaki Co-operative Dairy Company Ltd.
Commission Chairman Dr Alan Bollard said the Commission was satisfied that if the proposal went ahead, then NZCDC wound not acquire or strengthen a dominant position in any market.
The Commerce Act prohibits business acquisitions that result in dominance being acquired or strengthened.
Dr Bollard said that when a company applies for a clearance, the Commission must determine what are the relevant markets and what impact the proposal would have on competition in them. If the Commission is satisfied that dominance is not acquired or strengthened in any market, it will grant a clearance.
