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….
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