Fund managers and investors alike bemoan the lack of choice in the Australian market, but we have just seen an opportunity to create
a listed dairy giant pass us all by.
Not exact matches
Murray Goulburn is battling with Canadian
dairy giant Saputo to takeover WCB, Australia's oldest
listed milk processor.
Groupe Danone, the French
dairy giant, has taken a 10.1 per cent stake in National Foods, Australia's largest
listed dairy company.
Chinese
giant New Hope will invest up to $ 500 million in Australian
dairy farms and processing plants as part of a deal with ASX -
listed Freedom Foods in what could be the first of many deals fuelled by the historic China - Australia free trade agreement.
Bega, which reported an 18 per cent leap in its first - half profit to $ 18.7 million on Wednesday, lost out to Canadian
giant Saputo in a high - profile takeover scrap for its smaller
listed rival, Warrnambool Cheese & Butter, and it is widely anticipated the
dairy deals will continue to flow.
Murray Goulburn will «commercially assess» the latest move from Saputo, as the Canadian
dairy giant secured a majority stake in Warrnambool Cheese & Butter (WCB), effectively ending the bidding war for Australia's oldest
listed dairy processor.