Australia’s TasFoods plans to sell Pyengana Dairy to focus on its poultry division. The non-binding option agreement with major shareholder MSC ATF AgFood Opportunities Fund could see the artisan cheese business sold for A$2m. TasFoods can seek alternative buyers through a marketing program. AgFood & Associates may partner with other interested parties in Pyengana Dairy. The sale proceeds will strengthen TasFoods’ poultry supply chain. If completed by October 31, the transaction is subject to shareholder approval in mid-October. TasFoods will explore strategic initiatives to maximize shareholder value.

Read more at Yahoo Finance: TasFoods moves to sell Pyengana Dairy