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Bega Cheese Limited ( (AU:BGA) ) has issued an update.
The Supreme Court of NSW has dismissed the legal proceedings initiated by Fonterra Brands (Australia) Pty Limited and Bonland Cheese Trading Pty Limited against Bega Cheese Limited. The court’s decision requires Fonterra to cover Bega’s legal costs, affirming Bega’s position in the dispute over Trade Mark Licence Agreements. Bega’s Executive Chairman, Barry Irvin, expressed satisfaction with the outcome and indicated interest in acquiring Fonterra’s Oceania businesses, highlighting Bega’s strategic growth ambitions.
More about Bega Cheese Limited
Bega Cheese Limited is a prominent player in the dairy industry, known for its production of cheese and other dairy products. The company focuses on expanding its market presence and acquiring strategic assets to enhance its operations.
YTD Price Performance: -10.38%
Average Trading Volume: 115
Technical Sentiment Signal: Sell
Current Market Cap: €914.7M
Learn more about BGA stock on TipRanks’ Stock Analysis page.