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
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.
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.
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.