Silver Fern Farms sale to complete ahead of schedule

Tue, 22 Nov 2016

By Edwin Mitson Nov. 22 (BusinessDesk) - The controversial deal which will see meat processor Silver Fern Farms sell a 50 percent controlling stake to China's Shanghai Maling for $267 million in cash is to completed before the end of the year. The transaction, which was approved by farmer shareholders at two separate meetings, was due to proceed by Jan 4, 2017. In a statement, SFF said it would now complete the deal prior to mid-December. Silver Fern Farms chair Rob Hewett said there was little merit in " simply waiting". "Both bo...

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