A2 Milk cornerstone shareholder Freedom Foods reduces stake

Wed, 21 Oct 2015

By Tina Morrison Oct. 21 (BusinessDesk) - A2 Milk Company's largest shareholder, Freedom Foods Group, has reduced its stake in the milk marketing company after its punt at a takeover was rejected. Sydney-based Freedom Foods sold 42.5 million shares in the milk marketing company for A$28 million for investment elsewhere, reducing its stake to 10.4 percent, it said in a statement. Freedom Foods, controlled by the Perich family who are major suppliers of A2 milk, intends to maintain a strategic stake in the company, and continue providing it...

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