Business
A2 in discussions to buy 75% of Mataura Valley Milk for $270 million – Stuff.co.nz
The Southland dairy company has been seeking investors to pay down debt.
The A2 Milk Company is in talks to buy a controlling stake in Southland dairy company Mataura Valley Milk for $270 million.
The announcement was made to the NZX on Friday morning and comes only days after A2 announced a record full-year profit after tax of $386m, an increase of 34 per cent on the previous year.
A2 hopes to buy a 75.1 per cent interest in Mataura Valley for $270m and is undertaking due diligence under a period of exclusivity. The offer would value the business at about $385m….
-
General10 hours agoGymnastics club in Berwick shuts down following child safety complaint
-
Noosa News13 hours agoSanta drops in for carols
-
General16 hours agoCritically endangered orchid thrives as NSW Mid North Coast cemetery provides habitat refuge
-
Business15 hours agoThe best Australian stock you’ve never heard of