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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
4 mins to read

Turning around the Tegel train

When it was taken over in 2018, the chicken producer was doing badly - and then it got worse.

Cleaning up Tegel has taken time, says CEO Egbert Segers.

Tim Hunter Wed, 29 Jun 2022

If investors thought chicken producer Tegel was a bad performer as a listed company, they should spare a thought for its new owner.

Since buying Tegel for $432.6 million in 2018, family-owned Filipino company Bounty Holdings has seen it deliver nothing but losses.

The latest result was no different.

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Tim Hunter Wed, 29 Jun 2022
Contact the Writer: thunter@nbr.co.nz
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Turning around the Tegel train
General Business,
94582
true