Announced
Financials
Sources
Tags
Food Products
Acquisition
Friendly
Single Bidder
Private
diary farms
Minority
Pending
Singapore
Private Equity
Synopsis
Meiji, a food company, agreed to acquire a 25% stake in AustAsia Investment Holdings, a dairy farm operator, from Japfa, a Singapore-based agri-food company, for $254m. Meiji aims to improve its long-term corporate value by establishing growth foundation in the overseas market. This acquisition will strengthen the value chain from raw milk procurement to finished product operation and establish a sustainable growth base in China.
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