12 November 2013
Media Release - #18, 2013

Foreign Investment Decision

I have today approved a foreign investment application from Saputo Inc. to bid for Warrnambool Cheese & Butter Factory Company Holdings Limited (WCB).

No conditions have been placed on this approval. The future ownership of WCB is ultimately a matter for the shareholders but this decision provides certainty in relation to Saputo’s bid.

Australia is open for business and we welcome foreign investment when it is not contrary to the national interest.