Murray Goulburn (MG) has left open the door on speculation that its trading stores could be sold separately to the proposed sale of its other assets to Canadian dairy giant Saputo.
A spokesperson for the dairy co-op said assets would be included in the sale.
“All MG’s operating assets were included in the proposed sale to Saputo unless MG has sold MG Trading prior to completion,” the spokesperson said.
“MG does not currently have any formal sale process underway in relation to MG Trading.
“Upon completion, if MG Trading is not sold, Saputo will purchase the MG Trading stores.”
The spokesperson said responses by the Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board to Saputo’s bid would help decide when a shareholder meeting on the bid would be held.
MG has 25 trading stores including one at Koroit.
