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- Release Date: 20/03/14 12:15
- Summary: GENERAL: SML: Synlait welcomes FrieslandCampina's increased shareholding
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SML
20/03/2014 10:15
GENERAL
REL: 1015 HRS Synlait Milk Limited (NS)
GENERAL: SML: Synlait welcomes FrieslandCampina's increased shareholding
Synlait Milk welcomes today's announcement by FrieslandCampina Investments
Holding B.V., a subsidiary of Royal FrieslandCampina, that it has increased
its shareholding in Synlait Milk from 7.5% to just under 10%.
FrieslandCampina is one of the largest dairy cooperatives in the world and an
existing customer of Synlait Milk.
Synlait Milk Chairman Graeme Milne said this increased investment from
FrieslandCampina further reinforces the strong relationship between the two
companies.
"Our working relationship with FrieslandCampina continues to develop. They
have become both a valued customer and key strategic partner, alongside our
other first tier multinational customers, and we view this announcement as a
positive endorsement of the growth and performance of Synlait Milk."
FrieslandCampina has products in more than 100 countries and annual revenue
of around 10.3 billion euro. It supplies consumer products such as
dairy-based beverages, infant & toddler nutrition, cheese and desserts to
markets in Europe, Asia and Africa.
End CA:00248449 For:SML Type:GENERAL Time:2014-03-20 10:15:41
