A2 Milk's move may be more about Mataura Valley Milk than Synlait

A2 Milk's move may be more about Mataura Valley Milk than Synlait
A2's Synlait move pushed both companies' share price down. (Image: Getty)
Rebecca Howard
A2 Milk’s move to cancel its exclusive manufacturing and supply agreement with Synlait may be all about getting Mataura Valley Milk into the black.A2 Milk owns 75% of Mataura Valley Milk (MVM) in partnership with China Animal Husbandry Group, which owns 25%. It bought the Southland dairy company in 2021 for $268.5 million to provide “supply diversification”.In the year to June 30, MVM reported earnings before interest, taxes, depreciation and amortisation loss of $26.5m. That was wider than the $18.8m loss in the prior year.A2...

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