Buyer called off Dairyworks deal last week, says Synlait
A sale of the business would have eased the milk processor's debt crisis but further asset sales now on the cards as plunging share price limits scope for capital raise.
News of a potential deal to sell Synlait’s Dairyworks business had to be scrubbed from this morning’s results presentation documents after the buyer walked away at the 11th hour with a $130 million debt repayment deadline looming.
On a conference call to discuss the milk processor’s results
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