RBB

23 October 2025

European Commission unconditionally approves Dutch/Belgian dairy merger

On 22 October 2025, following a Phase I investigation, the European Commission unconditionally approved the merger between the Dutch dairy cooperative FrieslandCampina and the Belgian dairy cooperative Milcobel.   

The Commission investigated potential theories of harm relating to horizontal, vertical and conglomerate effects in a significant number of dairy markets.  RBB made several economic submissions in respect of these theories covering, inter alia, market shares, catchment areas and the Parties’ tender opportunities. 

A Dutch-language RBB team from offices including Brussels and Amsterdam, led by Jan Peter van der VeerJan Peter van der VeerJan Peter van der VeerPartner, Joost BoutenJoost BoutenJoost BoutenAssociate Principal and Aidan HeijmansAidan HeijmansAidan HeijmansSenior Associate, advised FrieslandCampina, Milcobel and their respective legal advisors De Brauw Blackstone Westbroek and Deloitte Legal throughout the Commission's investigation.  

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