Freedom Foods has revealed is one of the two parties involved in an expression of interest to acquire all of the a2 Milk Company’s shares.
Yesterday, the a2 Milk Company (a2MC) announced it had received an expression of interest from two associated trade parties.
A2MC said the two associated trade parties who submitted the expression of interest requested confidentiality, and stated that their expression of interest may be withdrawn if it ceases to be confidential.
But Freedom Foods has made the announcement on the ASX, noting that the process is ongoing and there is no certainty that an offer will be forthcoming.
The announcement did not name the other party, but said it was a “leading International liquid dairy milk Company” and that the two had “provided an indicative, non-binding and conditional expression of interest to a2M with a view to undertaking due diligence to enable the consortium to determine whether to enter into a binding proposal.”
Freedom Foods is a significant shareholder in a2MC, with a long history and strong commercial ties to the company, including through its largest shareholder, the Perich Group.