a2 Milk says it's not planning to 'walk away immediately' or harm Synlait

a2 Milk says it's not planning to 'walk away immediately' or harm Synlait
(Image: Getty)
Riley Kennedy
The a2 Milk Company has no plans to dump Synlait as its supplier; however, its outgoing chair says it has to look long-term. In September, the dual-listed milk marketer cancelled the exclusive part of its supply agreement with Synlait after a2 Milk believed the manufacturer's delivery and performance during the year fell below the level required for it to maintain it.Synlait disputed the cancellation, kicking off 20 working days of good faith negotiations, which failed to resolve the disagreement, and the companies went into a confiden...

More Finance

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
Shareholders association opposes Geneva Finance delisting
Finance

Shareholders association opposes Geneva Finance delisting

Company says it will exceed USX governance rules.

Jem Traylen 26 Jun 2024