Goodman Fielder acquisition cleared by Chinese government

Tuesday, 17 February, 2015

Goodman Fielder is one step closer to being acquired after receiving approval from the Chinese government. The Anti-Monopoly Bureau of the Ministry of Commerce of the People’s Republic of China (MOFCOM) has granted approval under the country’s Anti-Monopoly Law for Wilmar International and First Pacific Company to acquire the company.

Goodman Fielder is still waiting on approval from New Zealand’s Overseas Investment Office before going ahead with the deal.

The company will hold a shareholder meeting on 26 February to consider and vote on the scheme.

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