Rich Lister's company hawks Dairy Holdings stake

Murray & Company in Christchurch has distributed an information memorandum to selected clients promoting the sale of 28.9% of Dairy Holdings.At least one of the parties carrying out due diligence believes Dairy Holdings is worth about half of what it was valued at by South Canterbury Finance which acquired a 33.59% stake in Dairy Holdings in June 2009 for $76 million from interests associated with Allan Hubbard, valuing the entire enterprise at about $230 million.

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