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New Zealand's Alliance Group risks collapse if shareholders reject Dawn Meats' NZ$250M bid to save it.
Alliance Group in New Zealand faces potential insolvency if shareholders reject a NZ$250 million bid from Ireland’s Dawn Meats for a 65% stake, with the board and independent advisers calling it the best option for financial stability.
The co-op, which posted a NZ$95.8 million loss in 2024, says recapitalization is critical and that the deal would fund operations and growth, avoiding asset sales or closures.
Meanwhile, V2Food is acquiring U.S. plant-based chicken maker Daring Foods to expand its market share, focusing on supply chain improvements and global growth through a partnership with Ajinomoto.
In the UK, Premier Foods is investing £19 million to modernize its Lifton facility, boosting production of Ambrosia desserts, increasing efficiency, and shifting to recyclable packaging.
In the Netherlands, the ACM is investigating food price disparities, aiming to identify unfair pricing practices, with findings expected by mid-2026.
El Grupo Alliance de Nueva Zelanda corre el riesgo de colapsar si los accionistas rechazan la oferta de Dawn Meats de NZ$250 millones para salvarlo.