Friday, October 19, 2018
 Agropur Gets $214M From Investors  

Canadian dairy cooperative, Agropur, received C$300 million ($214.62 million) in investment from a group of investors led by Quebec's public pension fund manager, Caisse said.


The investment comes amid concerns that a new Pacific trade deal would pressure the Canadian dairy industry by allowing more dairy imports amid slow-growing domestic consumption.


The Quebec investor group now has a total investment of C$770 million in Agropur, pension fund manager Caisse de dépôt et placement du Québec said in a recent statement.


Agropur reported sales of more than C$4.7 billion in 2014 and processed more than 5.4 billion liters of milk annually at its 40 plants across North America.


Under the Trans-Pacific Partnership (TPP) trade deal, Canada will allow TPP countries, including New Zealand and the United States, limited access to its dairy market.


Source Reuters 
 

 


Posted on Thursday, December 24, 2015 (Archive on Thursday, December 31, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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