Chinese firm may take 50% of Silver Fern Farms, increasing market dominance, shareholders say

Thu, 03 Sep 2015

By Fiona Rotherham Sept. 4 (BusinessDesk) - Chinese interests may be close to acquiring 50 percent of Silver Fern Farms, in a deal that would increase the dominance of New Zealand's biggest meat exporter and erode farmer control of the industry, say shareholders pushing for a merger with Alliance Group. Dunedin-based SFF has been seeking a $100 million capital injection to strengthen its balance sheet before banking facilities expire in October and hired Goldman Sachs last year to assess options. Its shares were halted from trading on the...

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