Murray Goulburn sale a step closer
Australia’s once mighty dairy co-operative will be no-more, with Murray Goulburn shareholders voting in favour of its sale to Saputo.
The overwhelming vote saw more than 98 percent of proxies approve the Canadian company’s $1.3 billion takeover, that still needs approval from the Foreign Investment Review Board.
It’s expected the transaction will be completed by the start of May, heralding the start of a new era in Australian dairy farming.
Rural reporter Eddie Summerfield caught up with Rabobank Senior Analyst Michael Harvey.
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