BRIEF-Bega Cheese announces sale of shareholding in Warrnambool to Saputo

Thu, 16 Jan - 12:51pm

Jan 16 (Reuters) - Bega Cheese Ltd BGA.AX :

* Says intention to sell its 18.8 percent shareholding in Warrnambool Cheese & Butter Factory Company Holdings Ltd (WCB) to Saputo Dairy Australia Pty Ltd

* Will realise a substantial profit on the sale of its WCB shares

* Depending on Saputo's relevant interest at the close of their offer, co will receive between $94.7 million to $101 million

* Sale to Saputo ends co's strategic relationship with WCB which commenced in 2010

* Source text for Eikon News Search ID:nASX3gBHh4

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URN: 
urn:newsml:reuters.com:20140116:nWNBS00A5R:7
Topics: 
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