Netherlands’ Royal FrieslandCampina takes 7.5 percent stake in Synlait Milk

Thu, 11 Jul 2013

By Paul McBeth July 11 (BusinessDesk) - Royal FrieslandCampina, the Dutch dairy group which counts Fonterra boss Theo Spierings as alumni, has taken a 7.5 percent stake in Rakaia-based Synlait Milk as part of the local processor’s initial public offering. The Netherlands-based cooperative will take a $24.15 million stake in Synlait Milk, and joins China’s Bright Dairy and Food Co and Japan’s Mitsui & Co as major shareholders in the local dairy processor. Synlait Milk yesterday announced it would sell shares at $2.20 apiece in its float. “...

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