Bega Cheese Limited (ASX: BGA) announced that their subsidiary National Foods Holdings Limited (NFHL) will sell their 49% shareholding in Vitasoy Australia Products Pty Ltd to Vita International Holdings Limited for $51 million, in accordance with the Shareholders Agreement between the parties.
BGA's subsidiary BDD Milk Pty Ltd will provide transition services until 31 March 2023, and BGA will assess its options to continue involvement in the plant-based beverage and products sector.