The proposed sale of Westland Co-operative Dairy Company Limited to the Mongolian-based Yili Group for $246 million has focused attention on the structure and ownership of our dairy sector.
Similarly, Shanghai Maling invested in Silver Fern Farms in 2016 at a time when the company was under significant financial pressure. Just last week it was announced that Yili had signed a conditional deal to acquire Westland for $588 million. Westland ran a competitive process and Yili made the most compelling offer to Westland and its farmers.
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