Kirin Holdings - food industry company news Kirin HoldingsCompany news RSS feed

Saputo has acquired WCB to move into Australia and to act as platform for expansion in AsiaAUS: Saputo closes WCB pursuit with 88% stake

13 February 2014

Saputo's takeover offer for Warrnambool Cheese and Butter Factory has closed, with the Canadian dairy giant holding just shy of 88% of the Australian processor.

AUS: Lion books dairy write-down, warns of "headwinds"

13 February 2014

Australian group Lion has booked an impairment charge of A$338.8m on its dairy business, which it warned faced "considerable headwinds".

AUS: Murray Goulburn to accept Saputo's WCB bid

23 January 2014

Murray Goulburn has decided to accept the takeover offer for fellow Australian dairy firm Warrnambool Cheese and Butter Factory from Saputo.

AUS: Saputo secures control of Australian dairy WCB

22 January 2014

Saputo has secured control of Warrnambool Cheese and Butter Factory after winning the backing of shareholders representing over half the Australian dairy processor.

AUS: Bega Cheese to sell WCB stake to Saputo

16 January 2014

Saputo's bid to buy Warrnambool Cheese and Butter Factory was given a boost today (16 January) after Bega Cheese decided to sell its stake in the Australian firm to the Canadian dairy giant.

AUS: Our offer is final, Saputo tells WCB investors

10 January 2014

Saputo has said its current bid for Australian dairy processor Warrnambool Cheese and Butter Factory is its "last and final offer".

AUS: Bega receives interest in WCB stake

3 January 2014

Australian dairy processor Bega Cheese has received interest in its stake in local peer and takeover target Warrnambool Cheese and Butter Factory.

AUS: Bega Cheese to drop out of WCB race

19 December 2013

Australian dairy processor Bega Cheese, which kicked off the takeover battle for local peer Warrnambool Cheese and Butter Factory, is to walk away from the table and close its offer.

AUS: Saputo ups WCB bid after takeover watchdog intervenes

17 December 2013

Saputo has increased its bid for Warrnambool Cheese and Butter Factory after an intervention from Australia's Takeovers Panel.

AUS: Takeover watchdog set to rule on Saputo's WCB bid

12 December 2013

Australia's Takeovers Panel is reportedly set to announce whether Canadian dairy giant Saputo must up its offer for local processor Warrnambool Cheese and Butter Factory.

AUS: Lion boss brushes off talk of sale

10 December 2013

Stuart Irvine, chief executive of Australian food and drink group Lion, has played down speculation the company's dairy processing business could be sold.

AUS: Regulator puts brakes on Saputo's bid for WCB

2 December 2013

Australia's Takeovers Panel has put Saputo's bid to buy local dairy processor Warrnambool Cheese and Butter Factory on hold.

NZ/AUS: Fonterra ups stake in Bega Cheese

29 November 2013

Fonterra has snapped up more shares in Bega Cheese, the Australian dairy processor.

AUS: Murray Goulburn turns to watchdog over Saputo bid

28 November 2013

Murray Goulburn is challenging Saputo's latest bid for Australian dairy Warrnambool Cheese and Butter Factory.

AUS: Saputo promises higher bid for Warrnambool

25 November 2013

Saputo has upped the stakes in the battle to buy Warrnambool Cheese and Butter Factory, with a pledge to increase its offer again if it secures over half of the Australian dairy firm.

AUS: Saputo ups offer for Warrnambool

15 November 2013

Saputo has reacted to new offers from rivals and returned to the table with a higher bid for Australian dairy Warrnambool Cheese and Butter Factory.

Comment: All eyes on Saputo as Bega shows hand on WCB

14 November 2013

Two of the bidders for Warrnambool Cheese and Butter Factory have this week made fresh offers for the Australian dairy. The focus now moves to the third suitor - Canadian dairy giant Saputo, which has long coveted an entry into the market and is eyeing the business as a way into Asia.

AUS: Murray Goulburn tables highest bid for WCB

13 November 2013

Murray Goulburn has returned to the table with a fresh offer - and the highest yet - for sought-after Australian dairy peer Warrnambool Cheese and Butter Factory.

Deal or no deal: Dairy heavyweights slog it out for Warrnambool ownership

4 November 2013

The battle to acquire Warrnambool Cheese and Butter Factory has evolved into a complex series of tactical manoeuvres that could make Sun Tzu's The Art of War seem like light reading. Since the first takeover approach was announced, the tussle for WCB has seen industry majors Saputo, Murray Goulburn and Bega Cheese competing for ownership of the Australian dairy. With the stakes high, it is clear that it is all still to play for. Katy Askew reports.

AUS: Lion posts fall in dairy, soft drink sales

30 October 2013

Australian food and beverage group Lion has reported a 4.% drop in third-quarter sales from its dairy and soft drink business as it rationalises its portfolio and battles competition.

AUS: Lion buys stake in Warrnambool Cheese and Butter Factory

29 October 2013

Australian dairy and beverage group Lion has snapped up just under 10% of Warrnambool Cheese and Butter Factory, the latest twist in the battle to buy the business.

AUS: Kirin's Lion unit sees profits slide

1 August 2013

Lion Pty Ltd, the Australian arm of Japan's Kirin Holdings, has seen first-half profits drop at its dairy business, which was hit by lower sales and higher raw materials costs.

HONG KONG: Aussie dairy Lion changes distributor

9 July 2013

Australian dairy group Lion Pty Ltd has changed distributor in Hong Kong, signing local food and drink Vitasoy International Holdings to handle brands including Yoplait and Pura milk.

AUS: Dairy "long way" from acceptable returns, admits Lion

1 May 2013

Australian food and drink group Lion has admitted returns from dairy and soft drinks business remain "a long way from acceptable" after a challenging first quarter.

JAPAN: F&N sale sees Kirin return to profit in Q1

1 May 2013

Kirin Holdings has reported a significant return to net profit in its first quarter helped by the sale of its stake in Fraser and Neave earlier this year.

JAPAN/SINGAPORE: Kirin to sell Fraser & Neave stake

1 February 2013

Japanese food and drink firm Kirin Holdings has said it will sell its 15% stake in Fraser and Neave to investment vehicle TCC Assets for around S$2bn (US$1.6bn).

SINGAPORE: ThaiBev's TCC takes controlling stake in Fraser and Neave

31 January 2013

Thai investment vehicle TCC Assets has gained a controlling stake in Singapore food and drink group Fraser and Neave after acquiring more shares in the group.

SINGAPORE: Overseas Union Enterprise extends Fraser & Neave offer deadline

4 January 2013

The battle for Fraser & Neave (F&N) has taken another twist after Overseas Union Enterprise (OUE) extended the deadline for its SGD13.1bn (US$10.7bn) offer for the Singapore conglomerate.

SINGAPORE: OUE offer "not compelling but fair", says Fraser and Neave

19 December 2012

Fraser and Neave's board of directors has branded Overseas Union Enterprise's (OUE) S$13.1bn (US$10.7bn) offer for the group as "not compelling, but fair".

SINGAPORE: Thai billionaire "tries to buy more F&N shares"

17 December 2012

TCC Assets, the fund battling to buy Fraser and Neave, has spoken out after a report claimed it is looking to acquire an extra 10% of the Singapore food and drink group.

1

2

Next >

Welcome to the home of food information, insight & intelligence

Not a member? Join here