Synlait opts to keep Pōkeno

(Image: BusinessDesk)

Mon, 09 Sep 2024

New Zealand Exchange-listed Synlait will not actively seek a buyer for Pōkeno after completing a strategic review of its North Island assets.“The review has been detailed and thorough. It’s given us the insight needed to lift the financial performance of these world-class assets. We now have a pathway to profitability in our North Island operations,” chief executive Grant Watson said in a statement to the NZX on Monday morning.No raw milkSynlait said it will now focus its Pōkeno operations solely on producing advanced nutritio...

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