ACCC invites comment on Pfizer acquisition

The Australian Competition and Consumer Commission has released a statement of Issues regarding Nestle’s proposed acquisition of Pfizer Nutrition.

Further submissions (the propsed acquisition review commenced on May 24) will be accepted until September 14 and the ACCC will announce its decision on October 11.

The worldwide market for baby food is estimated by The Economist to be worth approximately $US 30 billion. Nestle is banking on strong sales in China.