Olam International has confirmed that it is considering a possible bid for Australian dairy group Dairy Farmers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Olam CFO Krishnan Ravikumar reportedly told a market briefing in Singapore: “While we have been approached on this transaction, at this point in time we have nothing to report. Our M&A team is having a look at it, but no formal bid has been made by us.”
Dairy Farmers put itself up for sale earlier this year, in a deal valued at around A$900m (US$856.66m).
The company has attracted firm interest from two syndicates – National Foods and Warrnambool Cheese and Butter Factory, plus Parmalat and Murray Goulburn – as well as New Zealand dairy giant Fonterra.
Canadian dairy group Saputo is also believed to be among the potential bidders conducting due diligence, a person familiar with the situation told Dow Jones Newswires.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
