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New Zealand's Commerce Commission has opened an investigation into the June 2020 acquisition of Wallace Group's North Island animal rendering assets by interests linked to Glenninburg Holdings. The regulator will assess whether the deal substantially lessened competition, since no clearance application was filed.
Consolidation among rendering plants could reduce competition in meat and bone meal and tallow supply in New Zealand. Any remedy could alter local supply, but the effect on global prices is small.
nationaltribune.com.auAug 26, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
