Brief: Wattle Health Australia Announces Binding Offer For Assets At Corio Bay Dairy Group

Maeil Dairies

18/12/2020 08:00

Dec 18 (Reuters) - Wattle Health Australia Ltd  WHA.AX :
    * BINDING OFFER FOR PURCHASE OF ASSETS AT CORIO BAY DAIRY
GROUP
RECEIVED BY RSM AUSTRALIA
    * CONSENTED TO PARTIALLY RELEASE FIRST RANKING SECURITY OVER
ASSETS OF CBDG AT SETTLEMENT ANTICIPATED JANUARY 2021
    * MAEIL DAIRIES HAS PURCHASED ASSETS OF CORIO BAY DAIRY
GROUP FOR
A$13.5 MILLION
    * CO AND MAEIL ALSO SIGNED LOI TO PROVIDE SUPPLY AND
TECHNICAL
EXPERTISE FOR USE IN WATTLE HEALTH'S NUTRITIONAL DAIRY RANGE
    * MAEIL DAIRIES HAS COMMITTED TO FINALISE CONSTRUCTION OF
SPRAY
DRYER

Source text for Eikon:  urn:newsml:reuters.com:*:nASX3ZKWB4
Further company coverage:  WHA.AX 

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