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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
1 mins to read

A2 Milk to vote in favour of Synlait rescue loan

Decision means $130m loan from 39% shareholder Bright Dairy likely to be approved, averting milk processor's receivership.

Milk processor Synlait must repay $130m of bank debt by July 15.

NBR Staff Thu, 11 Jul 2024

At the eleventh hour, infant formula marketer A2 Milk has revealed it will vote in favour of an emergency $130 million related party loan allowing milk processor Synlait to repay bank debt due within days.

As 19.8% shareholder, A2 Milk’s voting decision was pivotal and means Synlait’s special

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NBR Staff Thu, 11 Jul 2024
Contact the Writer: editor@nbr.co.nz
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A2 Milk to vote in favour of Synlait rescue loan
Investment,
104847
true