Dairy Crest dairy asset sale to Muller on track

UK milk producer Dairy Crest said that it is still on track to sell the assets of its dairies operations to Muller UK and Ireland Group this year, probably in October.

It also said competition watchdog, the Competition and Markets Authority, had indicated in August that it Muller’s would not create any competition concerns.

The company also issued an interim statement projecting increased profits and an increased earnings for shareholders for 2015, despite a difficult marketplace.