Sector News

Bega Cheese ‘no longer’ a potential buyer of Murray Goulburn

October 26, 2017
Consumer Packaged Goods

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

comments closed

Related News

March 2, 2024

Alt-protein, agriculture and AI: Cargill’s CTO unravels macrotrends in human and animal nutrition

Consumer Packaged Goods

The drive toward more sustainable food systems requires a multisolution approach that harnesses the power of new technologies like AI to uncover new opportunities, says Florian Schattenmann, Cargill’s CTO and VP of R&D and Innovation.

March 2, 2024

Symrise appoints Jean-Yves Parisot as CEO

Consumer Packaged Goods

Outgoing Symrise chief executive Heinz-Jürgen Bertram is retiring after 21 years with the company, handing over the CEO role to Jean-Yves Parisot. Parisot, who will officially step into the new role on 31 March, joined Symrise in 2014 and has been a member of the executive committee since 2016.

March 2, 2024

Danone to offload Russian assets in RUB 17.7bn deal – Financial Times

Consumer Packaged Goods

The report states that Danone is looking to sell its Russian business to Vamin Tatarstan, a Russian dairy company owned by businessman Mintimer Mingazov. The news comes seven months after Russian President Vladimir Putin ordered the seizure of the French company’s local operations.

How can we help you?

We're easy to reach