First Milk reduced its shareholding in Wiseman from 15% to 10%

Published 20 November 09

First Milk has announced that it has disposed of 4,170,171 ordinary shares in Robert Wiseman Dairies (RWD) at a price of 450 pence per share.  This represents £18.7m which will be used to "fund investment in our cheese business" according to Peter Humphreys, Chief Executive of First Milk.  He added that First Milk has no current plans to dispose of any of their 10% remaining shareholding in RWD and that it remained committed to the long-term strategic partnership it has with Wiseman.