CO-OPERATIVE MARKETING OF FARM PRODUCE – AUSTRALIA

Murray Goulburn steams ahead to tie up sale deal

roymorgansocial Leave a comment

Original article by Sue Neales
The Australian – Page: 21 : 7-Mar-18

An extraordinary general meeting of Murray Goulburn’s suppliers will be held on 5 April, where they will vote on a deal to sell the dairy co-operative’s assets to Canada-based Saputo. However, the meeting is conditional on the Australian Competition & Consumer Commission approving the deal by 4 April. Saputo hopes to gain approval from the ACCC in return for agreeing to divest Murray Goulburn’s milk processing plant in Koroit. The sale to Saputo must supported by at least 50 per cent of Murray Goulburn’s suppliers.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, SAPUTO INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Murray Goulburn float caution

roymorgansocial Leave a comment

Original article by Jared Lynch
The Australian Financial Review – Page: 3 : 3-Jul-15

The listed unit trust of dairy co-operative Murray Goulburn will debut on the Australian sharemarket on 3 July 2015, at $A2.10 per unit. The trust will allow non-farmer investors to gain exposure to the nation’s largest dairy processor via non-voting stock. Meanwhile, second-generation dairy farmer Ross Powell has urged fellow milk suppliers to avoid allowing the IPO to become a distraction.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, FONTERRA CO-OPERATIVE GROUP LIMITED