The Competition and Markets Authority (“CMA”) has today announced that it proposes to accept modified undertakings provided by Müller subject to comments from third parties on those modifications.

The deadline of 19th October for the final decision remains unchanged and Dairy Crest continues to anticipate that the sale will complete before the end of 2015.

Commenting on the announcement, Mark Allen, Chief Executive of Dairy Crest, said:

“We welcome today’s announcement from the CMA.  The transformational sale of our Dairies operations is another step closer and remains on track to complete in 2015.”