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Home World New Zealand

Alliance seeking outside capital

18 November 2024
in New Zealand
0
Alliance seeking outside capital
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Alliance, facing consecutive heavy losses, has appointed Craigs Investment Partners to explore external capital-raising options with encouraging interest from international and domestic parties. Despite posting a loss of $95.8 million, the co-op is seeking capital from farmer shareholders, focusing on strategic fit and value. The company made progress on key technology projects, adapting to challenging global markets and aiming to deliver stronger returns to farmer-shareholders.

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