Saputo to Acquire Dairy Crest Group plc, A UK-Based Dairy Company

February 25, 2019 Saputo

Saputo Inc. announces that it has reached an agreement with Dairy Crest Group plc on the terms of a cash acquisition by which Saputo will acquire the entire issued and to be issued ordinary share capital of Dairy Crest for £6.20 per ordinary share, valuing Dairy Crest’s existing issued and to be issued ordinary share capital at approximately £975 million (approximately CDN $1.7 billion).