Yili deal a timely cash injection for Westland farmers - ANZ

Yili deal a timely cash injection for Westland farmers - ANZ
Rebecca Howard
By Rebecca Howard May 22 (BusinessDesk) - Westland Milk Products farmers will bank - on average - $572,000 from the sale of their shares to Inner Mongolia Yili Industrial Group if the deal goes ahead, says ANZ Bank New Zealand. Westland signed a conditional agreement to sell the cooperative for $3.41 a share in a deal worth $588 million, including debt and liabilities. Shareholders will vote at a special meeting on July 4. The deal also requires High Court approval, consent under the Overseas Investment Act, and completion of other custom...

More Primary Sector

Sanford fishes up highest net profit in 10 years
Primary Sector

Sanford fishes up highest net profit in 10 years

David Mair has been its boss for just over a year.

The cheese deal with Fonterra that 'really kick-started' Bega
Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega

The owner of Vegemite now wants to get its hands on Fonterra’s brands.

Riley Kennedy 13 May 2025