Westland Milk to review ownership as it strives to boost returns

Westland Milk to review ownership as it strives to boost returns
Tina Morrison
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...