Synlait has confirmed the sale of its loss-making factory at Pōkeno to US company, Abbott.

The infant-formula company is selling the site and related assets for $307 million, and will use the proceeds to pay down debt.

Harbour Asset Management expert Shane Solly unpacks the data further.

LISTEN ABOVE

Synlait has confirmed the sale of its loss-making factory at Pōkeno to US company, Abbott.
The infant-formula company is selling the site and related assets for $307 million, and will use the proceeds to pay down debt.
Harbour Asset Management expert Shane Solly unpacks the data further.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Shane Solly: Harbour Asset Management expert on Synlait selling their Pokeno plant for $307 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3b7e5e16-0d18-42fa-85be-b3670073e487/transcript