Alliance Group seeks $150m capital boost amid volatile markets
Facing market volatility, Alliance Group asks farmers for capital infusion to reduce debt reliance and bolster its balance sheet.
The group overestimated the market price of stock and the commodity meat market’s prices decreased substantially.
Farmer-owned red meat co-operative Alliance Group is looking to raise between $100 million and $150m in capital over the next two to three years.
Aiming to get back in the black, Alliance is asking its farmer shareholders to increase their equity and reduce the group’s reliance on lent funds.
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