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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

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.

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

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team