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Synlait equity raise unlikely to help, say analysts

The debt-burdened milk processor has a shareholder loan and says it is working on an equity raise, but it won't be enough, says a Forbar note.

A sale of Synlait's Pokeno assets is 'necessary' but will come at a big discount, say analysts.

Tim Hunter Thu, 06 Jun 2024

Plans for a capital raise by debt-stricken milk processor Synlait have been greeted with scepticism by analysts at Forsyth Barr, saying it is unlikely to have any material effect.

In a research note issued on Wednesday, Matt Montgomerie and Benjamin Crozier said a sale of Synlait’s North Island

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Synlait equity raise unlikely to help, say analysts
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