Dairy Crest Regulatory News (DCG)

26 Oct 2006 15:04

Dairy Crest Group PLC26 October 2006 26 October 2006Dairy Crest Group plc ("Dairy Crest") Acquisition of Express Dairies cleared by Office of Fair Trading Dairy Crest notes the announcement today by the Office of Fair Trading ("OFT") of its decision to clear the acquisition of Express Dairies. Dairy Crest had previously agreed "hold separate" undertakings with the OFT in respect of the acquisition. These undertakings have now lapsed and Dairy Crest is able to commence the integration of this business. The acquisition creates the UK's leading doorstep and middle ground business and is expected to be highly earnings accretive. Significant synergies will be delivered from the acquisition which are still anticipated to peak at around £9.0 million in 2008/09. For further information, please contact: Dairy Crest Group plcWill Shaw, Investors 01372 472477Nicole Lander, Media 01372 472574 BrunswickSimon Sporborg / Laura Cummings 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange