Comvita wins breathing room from banks, 'at least' $25m capital needed

(Image: NZME)

Fri, 12 Dec 2025

Comvita believes it needs at least $25 million in fresh capital, as it says it has reached an agreement with its lenders to give it breathing room to undertake a raise.A month ago, the Mānuka honey business’s shareholders turned down a full takeover by Florenz at 80 cents per share. The shares were trading at 52 cents just after the market opened Friday. While the majority of shareholders backed the deal, it did not meet the scheme of arrangement threshold of 75% in favour to pass.Essentially, Comvita needs capital to repay its lende...

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