Bids for Synlait's Dairyworks reportedly not up to expectations

Fri, 10 Nov 2023

Synlait’s planned sale of its Dairyworks subsidiary appears to be slow-going. The Australian Financial Review (AFR) reported that Synlait had received several indicative bids, but they had failed to meet the vendor’s price expectations. According to AFR, private equity companies Adamantem Capital, Allegro Funds, Anchorage Capital Partners, and CPE Capital put in offers, but the indicative bids failed to meet Synlait’s price expectations.Synlait said it wouldn’t be commenting on the sale process.AFR said its sou...

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