Mengniu Dairy bids for Murray Goulburn

Updated 2017-10-16 14:01:54 Global Times

A subsidiary of domestic giant China Mengniu Dairy Co is reported to be bidding for Murray Goulburn Co-operative Co, the biggest Australian dairy producer, in a deal valued at about A billion (9 million), according to thecattlesite.com on Friday.

Other suitors include Chinese dairy producer Inner Mongolia Yili Industrial Group Co, Canadian cheesemaker Saputo Inc, Australian producer Bega Cheese and Kirin Holdings Co's Lion Pty, the report said.

Murray Goulburn indicated it would decide late this month on the shortlisted bidders.

Adviser Deutsche Bank AG received several unsolicited indicative bids earlier this year after announcing a strategic review, the report said. The company reported a net loss of A1 million in the financial year that ended June after it cut the price it pays dairy farmers and milk production fell, according to the report.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 14 2018 17:03:19

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 14 2018 17:03:19

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 14 2018 17:03:19

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords