Freedom Foods sells remaining stake in milk marketer a2 Milk for A$64 mln

Tue, 17 Nov 2015

By Fiona Rotherham Nov. 17 (BusinessDesk) - A2 Milk Co’s cornerstone shareholder, Freedom Foods Group, has sold its remaining 10.4 percent stake in the milk marketing company for A$64 million, taking advantage of a surge in the share price. Sydney-based Freedom Foods sold its remaining shares for 85 Australian cents apiece and will reinvest the proceeds in other investments including a buy-out of oat-based cereal and snack manufacturer Popina and construction of a new UHT processing facility. Freedom Foods, which is controlled by the P...

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