Transaction commits A2 Milk to further investment of $120m to develop blending and canning facility.
NBR staff Thu, 24 Dec 2020
NZX-listed milk marketer A2 Milk has committed to its acquisition of a 75% stake in Southland processing company Mataura Valley Milk after completing due diligence.
In a statement to the NZX, A2 said it would pay $268.5 million in cash for the acquisition, with the deal due to be completed on