Synlait Milk Ltd
Synlait Milk Completes NZ$307 Million North Island Asset Sale to Abbott
Synlait Milk completes NZ$307m NI sale to Abbott, uses NZ$200m to repay debt, halves facilities to NZ$200m, refinancing risks persist after HY26 loss.
Synlait Milk Divests North Island Dairy Assets to US Customer Abbott for NZ$307m
Dairy manufacturer Synlait Milk (ASX: SM1) has entered into a A$270 million (NZ$307m) deal to divest its North Island assets to US healthcare group Abbott. The sale will include the company’s Pōkeno factory, a blending and canning facility in Auckland, a warehouse facility, and associated inventory and leasehold arrangements. Abbott has been a customer of Synlait since […]
a2 Milk Company bids for majority stake in Mataura Valley Milk
New Zealand dairy producer a2 Milk Company (ASX: A2M) surprised the market this morning by unveiling a non-binding indicative offer to acquire a majority stake in Chinese-owned milk manufacturer Mataura Valley Milk for around NZ$270 million. The news comes just two days since a2 Milk Company reported a net profit of almost $386 million in […]