What is Synlait worth? Where John Penno’s numbers sit against everyone else’s

Synlait's Pōkeno plant is a drain on its finances. (Image: NZME)

Fri, 30 Aug 2024

Fri, 30 Aug 2024

Synlait Milk founder John Penno reckons the cash-strapped processor’s prized Dunsandel site could be worth $750 million.But the analysts’ figures appear to be vastly different.This week, Penno launched what appeared from the outside to be a calculated move on his former colleagues, lobbing in a complaint to regulators NZ RegCo and the Takeovers Panel arguing that Bright Dairy and The a2 Milk Company shouldn’t be able to vote on each other’s placements.The processor’s two largest shareholders are chipping in $217.8m...

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