Dawn Meats to pay an extra $20m to $25m after Alliance hits profit and debt targets

Dawn Meats to pay an extra $20m to $25m after Alliance hits profit and debt targets
Alliance's Mark Wynne (left) and chief executive Willie Wiese address farmers. (Image: Supplied)
Riley Kennedy
Dawn Meats will stump up an extra $20 million to $25m for its 65% stake in Alliance Group after the processor met its year-end profit and net debt targets.The top-up to their investment, which was set to be around $250m, will be distributed through a dividend to the new farmer-owned co-operative being set up to hold a 35% stake in Alliance.The payment is in addition to the $40m in loyalty payments, which were already planned.'Good news'As part of the negotiations with Dawn in July, Alliance had to commit to a year-end profit and net deb...

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