Bright Foods unit to acquire 50% of Silver Fern Farms, inject $261 mln

Mon, 14 Sep 2015

Sept. 15 (BusinessDesk) - Shanghai Maling Aquarius, a listed subsidiary of China's state-owned Bright Foods, will acquire 50 percent of Silver Fern Farms in a deal that will see it inject $261 million into New Zealand’s biggest meat exporter, Silver Fern's existing farmer-shareholders, some of whom object to a loss of control of the meat company to offshore interests, will be paid 30 cents a share as a special dividend as part of the deal, the company said. The deal is subject to both approval from shareholders and the Overseas Investment Co...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.