Photo: Beef and Lamb NZ
It's crunch time for the red meat processor Alliance Group, with a vote next week on whether to accept an overseas investment deal which would see Irish firm Dawn Meats invest 250 million dollars - in return for 65 per cent of the business.
Alliance Group is urging farmer shareholders to vote for the deal, warning that it risks insolvency if they don't.Some farmer shareholders are against the deal saying they believe Dawn Meats may look to strip assets from Alliance to boost short-term profitability, and that the country's only 100% farmer-owned meat processor should stay that way. Mark Wynne is chair of Alliance Group - he's been on a nationwide roadshow talking to farmer shareholders - ahead of the vote next Monday.
In July, Kathryn interviewed critic of the Dawn Meats deal, Dave Pinckney.
