Milk case set­tled

Mercury (Hobart) - - BUSINESS -

MUR­RAY Goul­burn has agreed to set­tle a court case brought by ACCC over al­le­ga­tions it mis­led farm­ers when it un­ex­pect­edly slashed the price it paid farm­ers for their milk. Un­der the set­tle­ment, which is sub­ject to Fed­eral Court ap­proval, the ACCC will seek a pe­cu­niary penalty against for­mer man­ag­ing di­rec­tor Gary Helou but not the com­pany. Cana­dian dairy gi­ant Sa­puto com­pleted a $1.3 bil­lion pur­chase of Mur­ray Goul­burn ear­lier this year.

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