Murray Goulburn: China’s Fuyang Farming weighs co-op bid – eDairyNews
Countries Australia |11 septiembre, 2017

Dairy Industry | Murray Goulburn: China’s Fuyang Farming weighs co-op bid

INNER Mongolia Fuyang Farming is believed to be the latest Chinese party weighing a bid for embattled milk producer Murray Goulburn, joining other such as the listed a2 in the contest. By: BRIDGET CARTER and SCOTT MURDOCH

Another company understood to be interested is China Resources, which already owns a stake in the company, The Australian reports.

Speculation emerged almost two months ago that Chinese parties and private equity firms were making inquiries with financiers about securing a loan to buy the business.

Only weeks ago, Murray Goulburn’s adviser Deutsche Bank began knocking on the door of prospective suitors, and now a sale of the dairy co-op is in full swing.

Bids are due on September 15 and flyer documents are now out circulating in the market.

Fuyang Farming is a 79 per cent shareholder in Victoria’s Burra Foods.



Source: The Australian


Any claim arising from the information contained on the eDairy News website will be submitted to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentine Republic, with a seat in the City of Córdoba, to the exclusion of any another jurisdiction, including the Federal.

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Related news