close
MENU
Investment
1 mins to read

A2 Milk to vote in favour of Synlait rescue loan

Decision means $130m loan from 39% shareholder Bright Dairy likely to be approved, averting milk processor's receivership.

Milk processor Synlait must repay $130m of bank debt by July 15.

NBR Staff Thu, 11 Jul 2024

At the eleventh hour, infant formula marketer A2 Milk has revealed it will vote in favour of an emergency $130 million related party loan allowing milk processor Synlait to repay bank debt due within days.

As 19.8% shareholder, A2 Milk’s voting decision was pivotal and means Synlait’s special

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
NBR Staff Thu, 11 Jul 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
A2 Milk to vote in favour of Synlait rescue loan
Investment,
104847
true