Competition Commission yet to receive formal notification of Dawn-Dunbia deal
No formal notification of the Dawn Dunbia deal has yet been received by the Competition and Consumer Protection Commission (CCPC), the Irish Farmers Journal has learned.
While Dawn has verified that the process of notifying the CCPC has indeed started, the CCPC has since confirmed that no formal notification of the deal has been received.
In a statement to the Irish Farmers Journal, the CCPC said:
“The Competition and Consumer Protection Commission (CCPC) has not received formal notification of a proposed transaction between Dawn Meats and Dunbia. Where a transaction is notifiable to the CCPC, there is no deadline by which the firms involved are required to notify. However, the transaction cannot be implemented unless the CCPC makes a determination clearing the transaction.”
ADVERTISEMENT
The proposed move will see Dawn Meats acquire full ownership of the Dunbia beef factory in Slane and beef-processing facilities in Kilbeggan. It is likely to see Dawn Meats’ share of the national kill increase to between 24% and 26%.
Meanwhile, in the UK, the move will see the two businesses merge.
The deal has been met negatively from farming organisations such as the ICSA and the IFA.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
While Dawn has verified that the process of notifying the CCPC has indeed started, the CCPC has since confirmed that no formal notification of the deal has been received.
In a statement to the Irish Farmers Journal, the CCPC said:
“The Competition and Consumer Protection Commission (CCPC) has not received formal notification of a proposed transaction between Dawn Meats and Dunbia. Where a transaction is notifiable to the CCPC, there is no deadline by which the firms involved are required to notify. However, the transaction cannot be implemented unless the CCPC makes a determination clearing the transaction.”
The proposed move will see Dawn Meats acquire full ownership of the Dunbia beef factory in Slane and beef-processing facilities in Kilbeggan. It is likely to see Dawn Meats’ share of the national kill increase to between 24% and 26%.
Meanwhile, in the UK, the move will see the two businesses merge.
The deal has been met negatively from farming organisations such as the ICSA and the IFA.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS