Saputo-owned Warrnambool Cheese and Butter (WCB) has agreed to acquire the "everyday cheese" business of Australian rival Lion Dairy and Drinks (LDD) for AU$137.5m (US$107m, €95m).
Italian dairy giant Parmalat has requested a $144m (€110m) reduction in the price it paid to acquire its sister unit, Lactalis American Group (LAG), from Lactalis in May 2012.
Danone has dispelled rumours that it is seeking to increase its stake in Yakult – declaring that it has no plans to mount a “hostile bid” for the Japanese company.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Italian prosecutors have opened an investigation into the legality of Parmalat’s May 2012 $904m intra-group acquisition of Lactalis America Group (LAG).
Italian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.