Saputo lifts Warrnambool stake

Saputo Inc has again lifted its stake in takeover target Warrnambool Cheese and Butter Factory.

Saputo Inc has again lifted its stake in takeover target Warrnambool Cheese and Butter Factory Ltd, cementing its standing as the biggest shareholder in the western Victorian dairy producer.

In a statement to the Australian Securities Exchange, Warrnambool said Saputo had increased its stake to 21.392 per cent, from 20.141 per cent.

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