Bright Dairy’s Synlait Milk considers IPO as NZ equity market heats up

Mon, 13 May 2013

May 14 (BusinessDesk) – Synlait Milk, the dairy company controlled by China’s Bright Dairy & Food, is considering an initial public offering in New Zealand three years after abandoning such a capital raising because of lack of investor demand. Bright Dairy emerged with a 51 percent stake in 2010, paying $82 million and said at the time it would consider a share market listing in three to five years. Bright Dairy would be entitled to new shares to retain its holding, it said back then. Synlait Ltd, associated with the company’s founders, owns...

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