Swedish-German dairy merger on the horizon

Owners of the Swedish-Danish dairy cooperative, Arla Foods, and the German dairy company, Hansa-Milch, voted on Wednesay to merge. Now, the companies just need the European Union Competition Authority's blessing for the deal to go through.

Arla Foods' CEO, Peder Tuborgh, wrote in a press release that his company's goal is to develop its engagement in the German market and become one of Germany's three leading dairies.

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