The investment brings its stake in the NZ company – which supplies its A2 milk-based infant formula – up from 9.11 per cent to 17.39 per cent. The additional 8.3 per cent shareholding was bought from Mitsui & Co for $NZ10.90 per share.
“This investment in Synlait is consistent with The a2 Milk Company’s commitment to long-term supply arrangements with high quality partners such as Synlait Milk and Fonterra Co-operative Group,” a2 Milk’s new managing director Jayne Hrdlicka said.
Hrdlicka, a former Jetstar CEO and Woolworths non-executive director, took up her role as a2 Milk MD and CEO on 16 July, taking over from Geoffrey Babidge. She is also the current non-executive president of Tennis Australia.
The a2 Milk board of directors pointed to Hrdlicka’s “extensive experience in strategy formulation and execution, insight into customer-centricity and innovation”, and her “understanding of operating in a disruptive environment”, as key to the role.
By:
Source: Food & Drink Business
Link: http://www.foodanddrinkbusiness.com.au/news/a2-milk-doubles-synlait-stake-and-welcomes-new-chief
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Afrikaans Albanian Amharic Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Corsican Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Frisian Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Kurdish Kyrgyz Lao Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Scots Gaelic Serbian Sesotho Shona Sindhi Sinhala Slovak Slovenian Somali Spanish Sundanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa Yiddish Yoruba Zulu |