![Bright Food tipped as Silver Fern bidder](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bright Food tipped as Silver Fern bidder
China government backed Bright Food is understood to be the party in talks to take a stake in Silver Fern Farms.
China government backed Bright Food is understood to be the party in talks to take a stake in Silver Fern Farms.
Will a Kiwi white knight emerge to fully recapitalise Silver Fern Farms, or will Chinese interests emerge as 50-50 partners with a New Zealand consortium to take the company forward?
Deal would increase dominance of New Zealand's biggest meat exporter but erode farmer control of the industry.
Concentrating on marketing its cuts rather than processing them is paying dividends for a niche meat exporter.
Silver Fern Farms, NZ's biggest meat processor says it is considering raising $100m in fresh capital.
Disgruntled Alliance Group shareholders have gathered sufficient support to force a special meeting to discuss the potential benefits and risks of a merger with fellow co-operative Silver Fern....
Silver Fern has enlisted the services of investment bank Goldman Sachs to advise it on possible equity raising options as it seeks to reduce debt.
Silver Fern shareholders are seeking to force a special meeting to discuss the benefits of a merger with Alliance Group.
The Dunedin-based meat company expects pretax earnings of $5m to $7m in the year ended Sept. 30 following losses the previous two years.