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

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)
Riley Kennedy
Rebecca Stevenson
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...

More Primary Sector

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025
MPI led the Fieldays charge
Primary Sector

Cameron Bagrie: MPI led the Fieldays charge

Fieldays was a class act, once again, with MPI as the lead actor.

Cameron Bagrie 26 Jun 2025