OIO greenlights A2's Mataura Valley Milk purchase

Mon, 05 Jul 2021

The NZ Overseas Investment Office has given A2 Milk the green light to buy a 75% interest in Mataura Valley Milk, located in Southland.Late last year the company announced it would buy the stake for $268.5 million, based on an enterprise value of about $385m. It also expects to invest some $120m over the first two-to-three years. Completion of the transaction is now to set to occur from the end of July.The move gives A2 Milk the opportunity to participate in nutritional products manufacturing, provides supplier and geographic diversificati...

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