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Saputo Agrees to Sell UK Dairy Business to Lactalis for £988M

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Saputo agreed to sell its United Kingdom dairy operations to Lactalis for an enterprise value of about £988 million, aiming to sharpen its global focus and redeploy capital. The deal, covering five manufacturing facilities and UK cheese and dairy brands including Cathedral City and Wensleydale, is expected to close by end of the first quarter of 2027, subject to approvals.

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