fbpx
Print this page
Tuesday, 31 August 2021 12:00

Takeover rumours

Written by  Milking It

Listed New Zealand company the a2 Milk Company - once a darling of the stock exchange - is the subject of takeover rumours.

Australian media reports that the world's largest dairy company Nestlé is eyeing the underfire manufacturer of A2-protein milk.

a2 Milk's market capitalisation had fallen from $16.1 billion to $4.7b over the past year. As the pandemic distrupted sales of its infant formula to Chinese consumers through the daigou channel, falling infant births in China and excess supply of its products also curbed consumer demand. The company had struggled to get on top of these challenges which resulting in it downgrading its earnings guidance four times in nine months.

The takeover rumour though has boosted the share price.

More like this

Poo-powered BMW

OPINION: Car maker BMW is partnering with a California dairy farm to turn effluent into clean energy to power its electric cars.

Not bad

OPINION: New Zealand may be a minnow on the global stage but here’s another example how our ag sector punches above its weight.

Anti co-operative?

OPINION: Agriculture Minister Damien O’Connor has thrown a spanner in the works as far as Fonterra’s proposed capital structure is concerned.

No favours

OPINION: Some leaders from protest group Groundswell seem to be doing no favours to the organisation.

National

Dairy tops organic exports

Dairy has been named as New Zealand’s largest organic sector with exports of $153.8 million, up 55% from 2017.

Machinery & Products

Gongs for John Deere

The tractor of the Year 2022 Awards, held at the recent EIMA show in Bologna, handed out a brace of…

Digital pre-start safety checks

According to numbers published by ACC, more than 60 farm-related injuries are reported every day, leaving much room for improvement.

JV for Bucket Test App

Irrigation NZ and global farm management company CropX have established a joint venture agreement for the Bucket Test app.