Synlait needs 'influential' a2's support for Bright Dairy lifeline

Synlait needs 'influential' a2's support for Bright Dairy lifeline
Synlait has revealed fresh detail about its $130m loan; it will pay 8% yearly interest. (Image: NZME)
Rebecca Stevenson
Struggling dairy manufacturer Synlait says it doesn’t know whether “influential” shareholder a2 Milk will vote in favour of a $130 million lifeline from its major Chinese shareholder. The company said Tuesday that a2’s vote would be influential in deciding if the critical shareholder loan needed to pay off bank debt due July 15 went ahead. It said without the loan from an associated company of its largest shareholder, Bright Dairy, its board’s view was that Synlait would need to cease trading or...

More Primary Sector

Dairy goat industry heading in the right direction
Primary Sector

Dairy goat industry heading in the right direction

One of the players is calling for the industry to work together.

Farming investor Dairy Farms NZ selling up
Primary Sector

Farming investor Dairy Farms NZ selling up

Set up in 2014, the group has seven farms and a peak milk herd of just over 6,100.

Riley Kennedy 18 Jul 2024
Cuts to forecast farmgate prices unlikely despite global dairy price falls
Primary Sector

Cuts to forecast farmgate prices unlikely despite global dairy price falls

Whole milk powder prices are down nearly 10% since the start of the season.

Riley Kennedy 18 Jul 2024