Alliance Group deal: Dawn Meats to acquire 65% stake for $250m

Alliance Group deal: Dawn Meats to acquire 65% stake for $250m
Alliance's chair Mark Wynne. (Image: Supplied)
Riley Kennedy
Alliance Group has inked a deal with Dawn Meats with the Irish company set to take a 65% stake for $250 million. But it still requires the co-op’s farmer shareholders’ approval.It largely confirms the speculation that had been swirling in recent weeks, with the Irish Times reporting Dawn was going to take 70%.The deal, which will take place via a scheme of arrangement, values Alliance at $502m.Alliance’s shareholders were briefed on the deal on Tuesday morning.Proceeds from the transaction will be used to reduce Alliance&...

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