MG being owned by a large company like Louis Dreyfus or Saputo who both have designs on expanding in the industry would be a good outcome IMO
(LD would like to build another Penola in Gippsland from what I here)
This would inject a lot of cash into the industry enabling some farmers to retire, some to get their equity levels right, some to let their kids take over and others to expand. A merger with Bega would come with more risk but probably easier to navigate. The wry side of me would see a new buyer enter the market.
Any which way MG would be part of a floated company and not a floated company perse. A return to the Co-op sham is not a good option or staying as is IMO, however maybe the review will see me change my mind.
Cheers
MGC Price at posting:
73.5¢ Sentiment: Hold Disclosure: Held
