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BRIEF-Bega Cheese to buy most of Mondelz International's Aussie, NZ grocery cheese business
January 18, 2017 / 9:44 PM / 8 months ago

BRIEF-Bega Cheese to buy most of Mondelz International's Aussie, NZ grocery cheese business

Jan 19 (Reuters) - Bega Cheese Ltd :

* Bega Cheese to acquire one of Australia’s most iconic food brands-bga.ax

* Company will pay $460 million which will initially be funded by bank debt

* Agreed to buy most of Mondelz International’s australia and new zealand grocery and cheese business

* It has near- term corporate opportunities to pay down debt

* Expects mdlz grocery business to generate pro-forma net revenues of about $310 million, ebitda of between $40 to $45 million in its first full year of operation Source text for Eikon: Further company coverage:

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