Alliance pauses capital raise from farmers
Debt-burdened co-op exploring other funding options, chair tells shareholders at AGM.
Alliance Group chair Mark Wynne.
Meat processing co-op Alliance Group has told shareholders a process to raise capital from farmers, initiated in April, has been paused.
At its annual meeting in Invercargill, Alliance chair Mark Wynne said the board’s preference was to remain 100% farmer-owned.
“However, raising the desired
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