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

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.