The Country The Country Full Show: Tuesday, August 12, 2025
Aug 12, 2025
Mark Wynne, Chairperson of the Alliance Group, discusses the significant acquisition by Dawn Meats and its potential impact on farmer shareholders. Dennis Neilson, a forestry advisor, dives into the complexities of carbon farming and land use changes. Meanwhile, Winston Peters shares insights on political dynamics and concerns over foreign ownership in New Zealand agriculture. The conversation balances economic implications with environmental sustainability, highlighting the urgent need for local accountability in resource management.
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Alliance Valuation And Share Conversion
- Mark Wynne says Dawn Meats' $250m for 65% values Alliance at about $502m enterprise value and is a fair deal given industry pressures.
- Alliance will convert nominal $1 cooperative shares into tradable ordinary shares valued initially at $1.26 per share.
Sales Process And Farmer Ownership Attempt
- Mark Wynne recounts a wide investor process with 50 initial parties narrowed to six offers then three and finally Dawn Meats.
- He explains the cooperative preferred 100% farmer ownership but lacked timely capital so moved to a joint-venture outcome.
How Farmer Shares Will Trade
- Mark Wynne advises that shares will move into an Alliance Investment Cooperative and become tradable on an unlisted exchange.
- He notes trading will be limited to shareholders who determine the price rather than a redemption queue.