Japanese secure 24% stake in Australian dairy venture
Wednesday June 20 2012
Japanese trading concern Mitsubishi Corporation has agreed to acquire a minority stake in Australia's Tasmanian Dairy Products (TDP), a move that will enable it to further expand its dairy manufacturing business.
TDP was set up last September by Murray Goulburn - Australia's largest dairy export manufacturer, handling approximately three billion litres a year or one-third of the country's milk.
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