Saputo confirms control of WCB

Canadian dairy giant announces to market it has increased stake past 50%.

Canadian dairy giant Saputo has confirmed to the market that it has won control of Warrnambool Cheese and Butter Factory Company Holdings Ltd, as earlier reported by Business Spectator's DataRoom.

Investors responded well to the news, sending WCB shares 1.5% higher to $9.45 at 1105 AEDT, against a benchmark index fall of 0.26%.


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