Kirin may be cashed up after tomorrow ?
“Freedom Foods, led by Rory Macleod, is believed to be considering a joint bid for Lion's dairy and drinks business. Peter Braig
It is understood the pair, which has existing supply arrangements, is thinking about ways to split up the portfolio which includes Dairy Farmers and Dare among its brands.
The two bidding groups are expected to submit first round bids to auctioneer Deutsche Bank when the hammer falls on Friday, December 14.
They're seen as two heavyweight contenders, which have the strategic nous, potential synergies and financial muscle to get through to the auction's second round should they decide to swing hard.
Other bidders include Canada's Saputo, which is advised by Moelis, and a handful of private equity firms. Also interested is China's Mengniu Dairy and Inner Mongolia Fuyuan Farming Co, which owns a stake in Burra Foods. “
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Kirin may be cashed up after tomorrow ? “Freedom Foods, led by...
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