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New Zealand farmers approve $270M deal with Ireland’s Dawn Meats for 65% stake, keeping control and boosting lamb/beef exports.
New Zealand’s Alliance Group farmer-shareholders have approved a $270 million deal allowing Ireland’s Dawn Meats to acquire a 65% stake, with farmers retaining 35% ownership and governance rights.
The vote, backed by over 88% of shares, met regulatory thresholds and marks a key step in stabilizing the co-op after financial challenges.
The investment will reduce debt, fund modernization, and support a year-round global supply chain.
Farmers may receive up to $20 million in distributions by 2027, while the partnership aims to boost value through shared expertise in lamb and beef markets.
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Los agricultores neozelandeses aprueban un acuerdo de 270 millones de dólares con Dawn Meats de Irlanda por una participación del 65%, manteniendo el control y aumentando las exportaciones de carne de cordero y vacuno.