06.01.2014 - CIC's interest in Victorian dairy processor
The bidding war for Victorian dairy processor Warrnambool Cheese and Butter is attracting even more international attention. Media reports suggest the Chinese state-owned China Investment Corporation is interested in Australia's oldest dairy processor. Canadian company Saputo has a $9-a-share offer on the table that is due to expire this Friday. Agribusiness analyst Paul Jensz says he's expecting Saputo will increase it's shareholding to about 20 per cent this week and extend it's offer beyond Friday...............................................Full Article: Source
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