The Tribunal has conditionally approved the proposed large merger whereby Clover S.A. (Pty) Ltd ("Clover S.A.”) intends to acquire the business and assets used or owned by Dairy Farmers of South Africa (Pty) Ltd (“DFSA”), in relation to the procurement and supply of regular raw milk to Clover ("Milk Procurement Business").
 
The conditions imposed on the proposed transaction relate to employment, training and skills development, enterprise development, procurement contracts and raw milk supply.
 
A full press release will be issued in due course.
 
Merging parties
 
Clover S.A. is a branded consumer goods company active in the food and beverage industry. It manufactures and supplies dairy products, soy products, olive oil, peanut butter and mayonnaise and produces non-alcoholic beverages. The Milk Procurement Business provides raw milk procurement services to Clover S.A. and supplies products as inputs to Clover.