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Coles to pay $5.25m after ACCC milk probe

Coles will pay an Australian dairy cooperative more than $5 million after an investigation by the Australian Competition and Consumer Commission.

The ACCC investigated allegations the supermarket giant failed to follow through on indications in March it would pass on to farmers the full benefit of a 10-cent-per litre price hike for its Coles-branded two and three litre milk.