The a2 Milk Company confirms discussions to potentially buy a manufacturing facility

Its shares where halted on Friday. (Image: Getty)

Mon, 30 Sep 2024

The a2 Milk Company has confirmed it is in discussions to potentially buy a manufacturing facility.The dual-listed milk marketer was put into a trading halt on Friday after a price query from the ASX and to give it more time to update the market on a potential acquisition.Its shares were up 11.3% at $6.79 on the NZX just before going into the halt, touching a high of $7.05 earlier in the day.As foreshadowed by BusinessDesk recently, a2 is widely expected to buy another factory in NZ within the next year.Its balance sheet was carrying net cash o...

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