Saputo’s Warrnambool Cheese and Butter move ‘good news’, dairy analyst says

By Sian Johnson and Andrew Marshall
Updated February 23 2017 - 5:39pm, first published 5:00pm
Lion bought its 9.99 per cent blocking stake in Warrnambool Cheese and Butter for $9.30 a share in late October 2013.
Lion bought its 9.99 per cent blocking stake in Warrnambool Cheese and Butter for $9.30 a share in late October 2013.

Canadian company Saputo lifting its majority stake in Warrnambool Cheese and Butter (WCB) to 98.4 per cent – effectively a takeover – is positive news for farmers, a dairy analyst says.

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