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4 Dec 2025 12:31
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      Home > News > Business

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op

    A big payday's coming for farmers in New Zealand's second-biggest dairy co-op


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company for 588-million-dollars.

    West Coast dairy farmer and farming commentator Andy Thompson says 94 percent of shareholders agreed to the offer - of 3 dollars and 41 cents a share.

    He says the deal will go through on August 1 - and it'll be a big payout for Westland's farmers.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland
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     04 Dec: Air New Zealand customers may face delays on Monday, with some cabin crew members still prepared to strike
     03 Dec: Years of effort have paid off - to have New Zealand's financial benchmark system for commercial transactions recognised in the European Union
     03 Dec: The fall in global dairy prices continues
     03 Dec: The price of building materials is starting to pick up again, particularly for timber and cladding
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