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Saputo out of Lion race, Bega in hot seat – The Australian Financial Review
ASX-listed Bega Cheese has its nose in front to acquire Lion’s up-for-sale dairy and drinks division.
ASX-listed Bega Cheese has its nose in front in the auction for Lion’s up-for-sale dairy and drinks division, after Canadian dairy company Saputo was knocked out of the race on Friday, sources said.
Three bids landed for Lion Dairy and Drinks earlier this month. Louie Douvis
Saputo’s exit just left Bega and John Wylie’s alternative asset manager Tanarra Capital to duke it out, but sources said Bega was the favourite between the pair to enter exclusivity.
It is understood Tanarra’s bid came as part…
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