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Fonterra acquires six percent share of Bega
date:Nov 01, 2013
Dairy giant, Fonterra, has acquired a six percent share of Bega Cheese Limited. The 9.3 million shares were purchased at $4.95 per share for a total $46 million.

Fonterra chief executive, Theo Spierings said, Australia is an important market for Fonterra, and we are committed to growing our already strong presence.

There has recently been a lot of consolidation activity in the Australian dairy industry. It is important that Fonterra participates, and we have confidence in Bega and the strategy

12/25 02:59