Opponents of Silver Fern selldown to Bright Foods vow to fight on for NZ funding alternative

Tue, 15 Sep 2015

By Fiona Rotherham Sept. 15 (BusinessDesk) - Opponents of a deal to sell half of Silver Fern Farms to China's state-owned Bright Foods, increasing the dominance of New Zealand’s largest meat processor while leaving it debt-free, say they'll continue to push for a locally funded alternative. The board of Silver Fern Farms (SFF) has unanimously recommended accepting the proposal for a 50:50 joint venture with Bright Foods subsidiary Shanghai Maling Aquarius, which would invest $261 million in the business through a transaction that values S...

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