The A2 Milk (ASX:A2M) share price climbs as China deal receives go-ahead
There have been several key events that have been unfolding in the milk company lately.
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China s demand for one particular export has doubled in just one year despite a series of trade threats.
The Communist power s sanctions against Australia for perceived slights has failed to dent the finances of The a2 Milk Company, which is listed on the Australian share market.
Sales of its baby formula effectively doubled to $NZ337.7 million ($A316million) during the last financial year, and a2 has a $A250million aggressive expansion plan to increase its customer base in China.
The Trans-Tasman dairy firm based at Auckland in New Zealand has been exporting its a2 Platinum infant food to China since 2013.
A2 Milk looks to boost Chinese connections with $250m acquisition
A2 Milk looks to boost Chinese connections with $250m acquisition
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Infant formula and milk seller A2 Milk has made a Christmas Eve acquisition of New Zealand dairy company Mataura in a deal it hopes will strengthen its relationships with key state-owned Chinese business partners.
A2 told shareholders on Thursday morning it had entered into a binding agreement to acquire 75 per cent of Mataura Valley Milk (MVM), which produces a number of nutritional and milk powders. The deal had been foreshadowed by A2 which confirmed it had begun discussions in August.