Australia's once mighty dairy co-operative will be no-more, with Murray Goulburn shareholders voting in favour of its sale to Saputo.

The overwhelming vote saw more than 98 percent of proxies approve the Canadian company's $1.3 billion takeover, that still needs approval from the Foreign Investment Review Board.

It's expected the transaction will be completed by the start of May, heralding the start of a new era in Australian dairy farming.

Rural reporter Eddie Summerfield caught up with Rabobank Senior Analyst Michael Harvey.

Australia's once mighty dairy co-operative will be no-more, with Murray Goulburn shareholders voting in favour of its sale to Saputo.
The overwhelming vote saw more than 98 percent of proxies approve the Canadian company's $1.3 billion takeover, that still needs approval from the Foreign Investment Review Board.
It's expected the transaction will be completed by the start of May, heralding the start of a new era in Australian dairy farming.
Rural reporter Eddie Summerfield caught up with Rabobank Senior Analyst Michael Harvey.

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.

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