Sector News

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

October 26, 2017
Food & Drink

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

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