Saputo has initiated discussions with the Australian Competition and Consumer Commission in order to address the ACCC concerns and to obtain the ACCC clearance for the take-over of milk processor Murray Goulburn.
The discussions will centre around a plan to remove the Koroit dairy plant from the deal.
The concerns were revealed on March 1 after the ACCC released a Statement of Issues in regards to the take-over.
The Statement of Issues sets out the ACCC's preliminary views that the proposed purchase of the factory in south-west Victoria could lead to less competition in the market.
Saputo have said they will continue to work closely with Murray Goulburn and the ACCC to seek approval of the proposed acquisition.