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Chinese dairy giant Bright Dairy announces $82m Synlait investment >>
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Canterbury dairy processor Synlait has announced an $82 million partnership deal with a Chinese company.
Bright Dairy & Food Co will invest in Synlait Milk to drive its value-added export strategy.
The agreement, which remains subject to regulatory and shareholder approval, means Synlait Ltd and Bright Dairy will become joint owners of Synlait Milk, with the Chinese company holding a controlling 51% interest.
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