Pāmu looking to exit Spring Sheep Dairy as it focuses on core farming operations

Pāmu chief executive Mark Leslie. (Image: Supplied)

Thu, 02 Oct 2025

Pāmu is looking to offload its controlling stake in Spring Sheep Dairy, as it continues to focus on its core farming operations.The country’s state-owned farmer, officially known as Landcorp, had been in a 50/50 joint venture with SLC Group until this year, when the sheep milking business undertook a capital raise after securing its Chinese formula registration.In March of this year, Pāmu’s stake was increased to 53% after shareholder loans were converted to equity.Spring Sheep was valued at $71m in Pāmu's annual report. Given i...

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