Bega Cheese had pulled out of the bidding process for Murray Goulburn.
In a statement to the Australian Securities Exchange today, Bega Cheese said it was aware of speculation the company was among a small number of potential buyers of MG and that it might be preparing to raise capital from the market.
Bega Cheese chairman Barry Irvin said his company was “no longer a potential purchaser of Murray Goulburn and has no current plans to raise capital”.
“Bega Cheese continues to maintain a strong balance sheet and believes there are a number of potential opportunities in dairy and food,” Mr Irvin said.
By Simone Smith and Peter Hemphill
Source: The Weekly Times
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
