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
Link: http://www.weeklytimesnow.com.au/agribusiness/dairy/murray-goulburn-chinas-fuyang-farming-weighs-coop-bid/news-story/f12d923f8530994aeccfb3e2a398f474

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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