Navis Capital bought 75% of Mainland Poultry as existing holders reduced stakes

Thu, 02 Nov 2017

By Jonathan Underhill Nov. 2 (BusinessDesk) - Private equity firm Navis Capital ended up with 75 percent of Mainland Poultry, New Zealand’s biggest egg producer, after existing shareholders led by managing director Michael Guthrie sold down their holdings. Navis confirmed in April that it had taken a majority stake, without detailing the size or the price paid. Recent filings to the Companies Office show a Hong Kong company affiliated to Navis holds three-quarters of the shares, while among the existing shareholders Guthrie's Bay Trustees...

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