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A2 Milk settles contract disputes with Synlait Milk, supports equity raise, and collaborates on new China product.
A2 Milk and Synlait Milk have settled their contract disputes, with A2 Milk supporting Synlait's equity raise, making a $24.75m payment, and working together to create a new China label product.
Synlait's exclusivity for a2 Platinum formula and other nutritional products ends in 2025, but they expect to continue production under the current agreement.
A2 Milk will participate in Synlait's capital raising to help the dairy company recover, with the amount anticipated to reach "hundreds of millions of dollars."
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A2 Milk resuelve disputas contractuales con Synlait Milk, apoya el aumento de la equidad y colabora en nuevos productos chinos.