Mataura Valley Milk Completion
GENERAL
Fri, Jul 30 2021 03:47 pm
The a2 Milk Company (a2MC) confirms the completion of its acquisition of a 75% interest in Mataura Valley Milk (MVM), a dairy nutrition business, located in Southland, New Zealand.
The terms of the transaction are consistent with those previously advised and provide for the acquisition of 75% of MVM for total consideration of NZ$268.5 million. The acquisition has been funded by a2MC’s existing cash reserves.
A further update on the acquisition will be provided at the time of the announcement of a2MC’s full year results in August.
Authorised for release by:
David Bortolussi
Managing Director and Chief Executive Officer
The a2 Milk Company Limited
Announcement PDF
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