Capital, Earnings & M&A
Chinese Dairy Companies Miss Out as Murray Goulburn Sold to Canadian Firm
Chinese dairy companies have lost an opportunity to leverage international resources, and Murray Goulburn may also miss the chance to accelerate in China, the most promising dairy market. The debt-laden Australian dairy cooperative was sold to Canada's Saputo for A$1.31 billion, with a premium of 76-84%, exceeding market expectations.
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