Affinity's Tegel may be heading for NZX 50 as fund managers warm to chicken business

Jonathan Underhill
Tue, 06 Oct 2015

By Jonathan Underhill Oct. 6 (BusinessDesk) - Tegel Foods may be headed for the NZX 50 Index in an initial public offering that could value Affinity Equity Partners' New Zealand poultry business at about $800 million, although there is a question mark about whether the sale could be completed this year. Affinity hired Goldman Sachs and Deutsche Bank in August for advice on sale options for New Zealand's biggest chicken producer, which it acquired from Pacific Equity Partners in 2011, reportedly for $600 million. Executives at Tegel have m...
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