MG sets date for Saputo sale


A sale date's been set for Australian dairy co-operative Murray Goulburn to Canada's Saputo.

The Murray Goulburn (MG) sale to Canadian dairy giant Saputo is expected to be completed on May 1, subject to shareholder and statutory approvals.


Shareholders will vote on the $1.31billion sale at an extraordinary general meeting (EGM), in Melbourne, on April 5. MG said the EGM would be held on the basis the Australian Competition and Consumer Commission (ACCC) had cleared the sale and accepted Saputo’s divestment of MG’s Koroit factory.


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