Mataura Valley ticks all the boxes - A2 Milk CEO

Fri, 21 Aug 2020

Investing in Mataura Valley Milk will help A2 Milk ensure long-run cost competitiveness as it makes its first foray into infant milk manufacturing. “It ticks pretty much all the boxes we were looking for,” chief executive Geoff Babidge told BusinessDesk. Earlier today, the company said it is looking to buy 75.1 percent of Mataura Valley for approximately $270 million. The deal is backed by Mataura Valley majority shareholder, China Animal Husbandry Group, which would retain a 24.9 percent interest in the company. Mataura Milk chief exe...

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