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Westland chair rebuts sale criticism

MP Damien O’Connor said it was a sad day for the West Coast region.

Farmer shareholders of Westland Milk Products met in Greymouth this morning and voted to accept the takeover bid by Chinese dairy giant Yili Group. 

Shareholders of the indebted cooperative were offered $3.41 a share, which is $245.5 million for all shares issued. The buyer will also take on the

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Sanjay Prakash Thu, 04 Jul 2019
Contact the Writer: Sanjay@nbr.co.nz
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Westland chair rebuts sale criticism
Business,
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