Saputo Ups Ante in Warrnambool
Saputo has increased its stake in Warrnambool Cheese and Butter Factory to more than 80%.
Saputo said it had received acceptances of 81.436% of Warrnambool shares.
Saputo, Australia's Bega Cheese and Murray Goulburn Co-operative were involved in a prolonged three-way tussle for control of Warrnambool.
However, the two Australian companies have agreed to sell their stakes in Warrnambool to Saputo.