News: MGC Australia's Murray Goulburn says no offer received for MG Unit Trust

Sept 21 (Reuters) - Murray Goulburn Co-operative, Australia's largest milk processor, said although there were several takeover proposals for the group, there was no offer valued at A$1.20 per unit for its listed entity MG Unit Trust (MGC) as reported by media.

Murray Goulburn, reeling from an ill-fated Asian expansion, said on Aug. 22 that it was considering approaches from suitors who were interested in buying the cooperative as a whole or some of its assets.

"MG confirms that it has received a number of confidential, non-binding indicative proposals. These proposals have ranged from the sale of certain assets to whole of company transactions," Murray Goulburn said in a statement on Thursday.

The dairy processor also said it was engaging with a number of parties, along with its adviser Deutsche Bank, to assess the different proposals, but added there was no certainty that the offers would lead to any transaction.