Category
Trade and investment
Minister for Trade and Investment Andrew Robb has welcomed the conditional approval by Treasurer Joe Hockey of JBS Australia's $A1.45 billion acquisition of Australian Consolidated Food Holdings (Primo).
"This transaction will result in a business with the necessary scale and distribution networks to continue supporting our domestic market while at the same time increasing the exports of high-quality Australian products to global markets, and that means higher prices at the farm gate," Mr Robb said.
Media release: Robb welcomes JBS-Primo deal approval
Last Updated: 5 March 2015