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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Synlait advised to close Pōkeno in ‘extremely challenging’ deal

The milk processor’s $218m placement is better for retail shareholders than the ‘slaughter’ of a rights issue, says chair.

Tim Hunter Wed, 21 Aug 2024

Synlait chair George Adams’ track record includes negotiating a deal in Russia in the 1990s that took 18 months and 5500 pages of documentation, as well as arranging the first ever successful rights issue on the Nigerian stock exchange.

“I would say this is more difficult than both of those.

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Tim Hunter Wed, 21 Aug 2024
Contact the Writer: thunter@nbr.co.nz
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Synlait advised to close Pōkeno in ‘extremely challenging’ deal
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