SINGAPORE (Sep 25): Wilmar International says it welcomes the announcement by the Australian Competition and Consumer Commission that it will not oppose the proposed acquisition of Goodman Fielder by the company and First Pacific.

The Australian consumer watchdog has concluded that there is little possibility of the deal resulting in higher prices for packaged vegetable oil.

In April, Wilmar and First Pacific Company announced its proposal to acquire the entire issued share capital of Goodman Fielder for A$1.9 billion.

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