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Synlait Milk sells North Island operations for NZ$307 million to reduce debt and focus on South Island.
New Zealand dairy producer Synlait Milk has sold its North Island operations for 307 million NZ dollars to reduce debt and focus on its South Island base after a recent net loss.
The move aims to stabilize production of high-quality infant formula and simplify operations following manufacturing challenges.
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Synlait Milk vende las operaciones de la Isla Norte por NZ $ 307 millones para reducir la deuda y centrarse en la Isla Sur.