Warrnambool says Saputo can win control without key stakes

Warrnambool’s CEO says Saputo can win control of the company, even without the help of major shareholders.

Warrnambool Cheese and Butter Factory Ltd chief executive David Lord says Saputo Inc could win a majority stake in his company, even without the dairy producer’s key shareholders Bega Cheese Ltd and Kirin Holdings Inc selling their stakes to the Canadian company.

“Yes, I think they (Saputo) can” get control of Warrnambool without Bega and Kirin selling to them, Lord told DataRoom.

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