August 22, 2017 / 12:10 AM / a year ago

Australia's Murray Goulburn says approached by would-be investors

SYDNEY Aug 22 (Reuters) - Murray Goulburn Co-operative, Australia’s largest milk processor, said on Tuesday it had received approaches from “a number” of suitors interested in acquisitions.

Murray Goulburn (MGC) reported a A$370.8 million ($294.16 million) loss for the year ended June 30.

The co-operative said the unnamed parties had expressed an interest in acquiring either the co-operative as a whole or some of its assets.

MGC Goulburn said it has told Deutsche Bank, its advisor, to seek more detailed proposals from the suitors.

$1 = 1.2606 Australian dollars Reporting by Colin Packham and Paulina Duran

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