Dawn deal puts Alliance in 'significantly enhanced' position to pay dividends – report

Dawn deal puts Alliance in 'significantly enhanced' position to pay dividends – report
Alliance chair Mark Wynne. (Image: supplied)
Riley Kennedy
Alliance Group will be in a “significantly enhanced” position to pay dividends should the deal with Dawn Meats go ahead, the independent adviser’s report says.The Irish processor has offered $250 million for a 65% stake in the currently fully owned red meat co-operative, to allow it to repay its working capital facility.It will result in current farmer shareholders holding a minority stake in the Alliance in a new co-operative entity, similar to Silver Fern Farms.Alliance needs the capital to repay its banking syndicate up to...

More Primary Sector

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.

Riley Kennedy 19 Sep 2025
Without Dawn Meats, Alliance faces 'real’ threat of collapse
Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

Riley Kennedy 19 Sep 2025
MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025