The Overseas Investment Office has given consent for the a2 Milk Company to take a 75% stake in dairy nutrition business Mataura Valley Milk, near Gore. A market release from a2 Milk this week said MVM’s majority shareholder, China Animal Husbandry Group (CAHG), would retain a 25% interest in the company. In 2019, it initiated a search for a strategic shareholder to invest alongside existing shareholders. A further update would be provided when a2 Milk released its full-year results in August. The dual-listed company was now targeting revenue for 2021 of $1.20billion to $1.25billion, down from an earlier forecast of $1.4billion.

Source: Otago Daily Times July 07, 2021 14:26 UTC