The Foreign Investment Review Board has approved Murray Goulburn’s asset sale to Saputo.
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All conditions around the sale of Murray Goulburn’s operating assets and operating liabilities to Saputo have now been satisfied and the sale is expected to be finalised by Tuesday.
Murray Goulburn shareholders and unitholders will receive the initial distribution of $0.80 on May 15.
The record date for the capital return on Murray Goulburn shares and units in the MG Unit Trust is April 23.
Murray Goulburn chief executive Ari Mervis, chief financial officer David Mallinson and company secretary Amy Alston will finish their roles with the company on May 1, the date of sale completion.