MGC 0.00% 43.0¢ mg unit trust

China’s Fuyang Farming weighs MG bid

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    Inner Mongolia Fuyang Farming is believed to be the latest Chinese party weighing a bid for embattled milk producer Murray Goulburn, joining other such as the listed a2 in the contest.
    Another company understood to be intersted is China Resources, which already owns a stake in the company.
    Speculation emerged almost two months ago that Chinese parties and private equity firms were making inquiries with financiers about securing a loan to buy the business.
    Only weeks ago, Murray Goulburn’s adviser Deutsche Bank began knocking on the door of prospective suitors, and now a sale of the dairy co-op is in full swing.
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