Lion sells its WCB shares to Saputo

Andrew Marshall
Updated February 23 2017 - 12:41pm, first published 9:00am
Lion bought its 9.99 per cent blocking stake in Warrnambool Cheese and Butter for $9.30 a share in late October 2013.
Lion bought its 9.99 per cent blocking stake in Warrnambool Cheese and Butter for $9.30 a share in late October 2013.

Japanese-owned dairy and brewing giant, Lion, has sold its 10 per cent stake in Warrnambool Cheese and Butter, effectively ending a three year takeover bid by Canada’s Saputo Incorporated dairy business.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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