Alliance Group farmers need to debate the Dawn deal, shareholder says

Alliance Group farmers need to debate the Dawn deal, shareholder says
Andrew Morrison was the chair of Beef + Lamb NZ. (Image: NZME)
Riley Kennedy
Alliance Group’s current owners must now have a debate over whether they want to lose control of their co-operative or give recapitalising it themselves another crack, an existing shareholder says.But that might be easier said than done, given Alliance is running against a deadline set by the banks to repay its debt.Earlier this week, Alliance’s board announced it had secured a deal with Irish processor Dawn Meats for it to take a 65% in the largely South Island-based processor for $250 million.If approved by a shareholder vote due...

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