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...

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