China's CIC to back bid for Australia's Warrnambool: Report

China's CIC to back bid for Australia's Warrnambool: Report

CIC, an investment fund owned by the Chinese govt, is backing a Chinese co that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co

China Investment Corporation, an investment fund owned by the Chinese government, is backing a Chinese food company that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co, it was reported on Friday, without citing any sources or naming the company.

Bega Cheese, which has an 18.7 per cent stake in Warrnambool, could be enticed to sell to a Chinese bidder that offered A$10 a share, reports said.

"We are very aware of Chinese interest in Australia ..

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