Westland Milk to review ownership as it strives to boost returns

Tue, 31 Jul 2018

By Tina Morrison July 31 (BusinessDesk) - Westland Milk Products, whose payments to its cooperative shareholders have lagged behind rivals, may change its ownership structure as it looks at ways to improve returns. Hokitika-based Westland said today it has appointed Macquarie Capital and DG Advisory to consider potential capital and ownership options that will create a more sustainable capital structure and support a higher potential payout. All options will be explored in the process expected to run for several months, it said. Westla...

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