Could A2 Milk be eyeing up a bigger stake in Synlait Milk?

Finally some good news for Synlait Milk this week. (Image: Getty)

Thu, 08 Jun 2023

Good news from Synlait Milk could lead to A2 Milk eyeing up a bigger stake in the dairy processing company. Synlait shares shot up Tuesday on news it was re-registered by China’s State Administration for Market Regulation (SAMR) to produce A2 Milk’s Chinese-labelled infant formula at its Dunsandel facility.In early June, investors were also cheered when it announced plans to sell its Dairyworks and Talbot Forest Cheese (TFC) businesses as part of its asset/capital structure review. Shares in Synlait are now up 17.4% this m...

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