A2 Milk to pump $120m into Mataura Valley

Thu, 24 Dec 2020

A2 Milk has agreed the terms to snap up 75 percent of Mataura Valley Milk and plans to invest about $120 million in the facility during the next two-to-three years.As previously signalled, A2 Milk will take 75 percent of the company for a total of $268.5 million, based on an enterprise value of about $385 million. The acquisition will be undertaken on a debt-free, cash-free basis and funded from A2 Milk’s existing cash reserves.The deal is subject to approval from the Overseas Investment Office and completion is expected to take place on...

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