Synlait in dire straits as North Island assets on the block
Embattled milk processor gets four-month extension on debt repayment deadline as impairments drag half-year loss to $96.2m.
Synlait's processing plant at Pōkeno south of Auckland is up for sale.
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Debt-burdened milk processor Synlait has put its North Island processing assets up for sale as it seeks urgent options to pay back bank debt.
Announcing a net loss of $96.2 million for the half year to January, Synlait said its banks had extended a $130m March 31 debt repayment deadline to July 15
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