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