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20 Mar 2025 11:33
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      Home > News > Business

    South Island dairy processor, Synlait Milk will live to see another day

    South Island dairy processor, Synlait Milk will live to see another day


    Shareholders have voted to take out a 130-million dollar loan.

    It's a life-line from its largest shareholder, Bright Dairy, and means Synlait can meet bank debt payments, due on Monday.

    Under NZX rules, Bright Dairy couldn't cast a vote on the proposal today.

    Chair George Adams says proxy votes - cast before major shareholder A2 Milk confirmed its support - were 57-percent in favour.

    © 2025 Newstalk ZB, NZCity

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