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Synlait Sells North Island Assets for NZ$307M, Halves Bank Debt
7:40am on Thursday 2nd of April, 2026 AEDT
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Synlait Sells North Island Assets for NZ$307M, Halves Bank Debt
7:40am on Thursday 2nd of April, 2026 AEDT
Key Points
NZ$307 million sale of North Island assets to Abbott completed
Proceeds used to cut bank debt from NZ$400 million to NZ$200 million
Sale includes Pōkeno manufacturing facility and Auckland leasehold sites
Refinancing of remaining bank facilities underway
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