Alliance Group chief executive steps down weeks after Dawn Meats deal
Dawn Meats acquired a majority stake in the New Zealand-based meat processor last month
Dawn Meats acquired a majority stake in the New Zealand-based meat processor last month
Dalata Hotel Group, Dawn Meats, Greencore and Stripe in contention for award
EU Commissioner Jessika Roswall needed convincing to renew contested exemption for Irish farmers
Dawn Meats chief executive Niall Browne said the deal would unlock ‘new and exciting opportunities’ for both companies
Waterford-based company secured approval for €133m purchase of majority stake in NZ meat processor Alliance Group
Irish company paid a large premium for a meat co-op that was heavily indebted and had run up large losses in recent years
Waterford-based company received green light on Monday to acquire 65% of Alliance Group for €133m
Waterford-based Dawn Meats to pay €132m for 65% stake in Alliance Group
Alliance Group accepts outside backers might help meat processor meet imminent debt deadline but not need for working capital
Both sides had agreed price would rise or fall depending on how New Zealand meat processor’s performance compared to targets
New Zealand’s Overseas Investment Office has cleared Dawn’s purchase
Alliance Group’s 4,300 farmer shareholders are due to vote on offer next month
Waterford-based company makes offer to buy 65% of Alliance Group, one of New Zealand’s biggest meat co-ops
Farmer shareholders will receive about €20m from proceeds of Dawn Meats’ investment, while their equity stake post deal will be worth €69m
Crosswords & puzzles to keep you challenged and entertained
How does a post-Brexit world shape the identity and relationship of these islands
Read the digital edition of The Gloss magazine now
Weddings, Births, Deaths and other family notices