Bega wants to buy Fonterra’s Australian business

In a statement released to the Australian Stock Exchange, Bega described its role as “the natural acquirer” and it was “very interested” in the acquisition.

As an Australian-owned company, Bega Group does not require Foreign Investment Review Board approval.

Bega Group believes that if it were to be successful it would significantly enhance outcomes for the company and the dairy industry as a whole.

“The combination of the Fonterra and Bega Group assets in Australia would lead to greater efficiencies and enhanced outcomes for Australian farmers, customers and consumers,” the Bega statement said.