Lion, owned by Japanese dairy and beer giant Kirin, says it has «no current intention'to sell its 10 per cent stake in
Victorian dairy processor Warrnambool Cheese & Butter.
While its offer matches Murray Goulburn,
the Victorian dairy processor needs competition approval, a process which could take up to six months.
Not exact matches
The
Victorian Government wants an Australian
dairy company to win the bidding war for Australia's oldest
dairy processor, Warrnambool Cheese and Butter.
Canada's Saputo is set to line up against old sparring partner Murray Goulburn and other milk
processors, as an auction for
Victorian milk
processor United
Dairy Power gets under way.
The
Victorian dairy group — Australia's fourth - biggest
dairy processor collecting 900 million litres of milk per annum — said on Friday it anticipates earnings before interest, tax, depreciation and amortisation for the six months to 31 December to surge 100 per cent, compared to the EBITDA of $ 29.3 million reported for the same period last year.
Australia's largest privately owned milk
processor, United
Dairy Power, has backed Canadian dairy giant Saputo's bid for control of Warrnambool Cheese & Butter in a fierce $ 500 million - plus takeover battle with Victorian farmer co-operative Murray Goul
Dairy Power, has backed Canadian
dairy giant Saputo's bid for control of Warrnambool Cheese & Butter in a fierce $ 500 million - plus takeover battle with Victorian farmer co-operative Murray Goul
dairy giant Saputo's bid for control of Warrnambool Cheese & Butter in a fierce $ 500 million - plus takeover battle with
Victorian farmer co-operative Murray Goulburn.
A new milk brand will launch this week in
Victorian supermarkets to raise funds for struggling
dairy farmers in south eastern Australia, as pressure mounts on retailers and
processors to pay more for milk.