Saputo Completes the Sale of Its Koroit Plant in Victoria, Australia
MONTRÉAL, Aug. 16, 2018 (GLOBE NEWSWIRE) — Saputo Inc. (“Saputo” or the “Company”) (TSX:SAP) completed today the transaction announced on July 17, 2018 and sold its Koroit plant in Victoria, Australia to Bega Cheese Limited (ASX:BGA). The selling price of approximately CDN$244 million (A$250 million) was received in cash at closing. This divestiture was required pursuant to the undertaking entered into with the Australian Competition and Consumer Commission in connection with the acquisition of the activities of Murray Goulburn Co-operative Co. Limited completed on May 1, 2018. About Saputo Saputo produces, markets, and distributes a wide array of dairy products of