Europe's Dawn Meats May Pay $250m for 65% Stake in Alliance Group
NEW ZEALAND, AUG 11 – The $250 million investment aims to reduce $200 million in debt, fund capital projects, and distribute up to $40 million to farmer shareholders, pending regulatory and shareholder approval.
Summary by NZ Herald
9 Articles
9 Articles
Dawn Meats to acquire 65% stake in New Zealand processor
Proposed partnership would see Dawn Meats invest €127.8m to acquire a stake in the Alliance Group, a farmer-owner cooperative which is New Zealand's largest processor and exporter of sheep meat and a key producer of grass-fed beef
·Ireland
Read Full ArticleDawn Meats seeks majority share of NZ’s largest lamb processor - Agriland.co.uk
Dawn Meats has announced this morning (Tuesday, August 12) that it has been selected by the board of Alliance Group as the preferred long-term strategic partner of the New Zealand-based meat producer. The proposed partnership, which is subject to shareholder approval, would see Dawn Meats invest $250 million New Zealand dollars to acquire 65% of the shares in Alliance Group. Farmer-shareholders in Alliance Group have been informed of their board…
Coverage Details
Total News Sources9
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
Factuality
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