New Zealand’s largest poultry producer Tegel Group has booked a mixed first half, with higher sales and net profits but lower underlying operating profit.
Tegel Group, the company that processes around half of New Zealand's poultry, saw its shares take flight today (18 August) after it announced a trade deal between the country and Australia on raw poultry.
Tegel Group, the New Zealand-based meat processor, expects revenue and profits to rise again in its current financial year, building on 12 months when the newly-listed business said it generated record sales.
The sale of New Zealand chicken group Tegel Foods to Hong Kong investment firm Affinity Equity Partners looks poised for completion.
New Zealand-based poultry processor Tegel Foods has reportedly been conditionally sold to Affinity Equity Partners, in a deal worth NZ$605m (US$468.7m).
Brazilian meat giant JBS has denied it is interested in buying New Zealand's largest poultry processor Tegel Foods.
The owner of New Zealand poultry firm Tegel Foods has confirmed it is mulling the future of the business.
New Zealand poultry group Tegel Foods has applied for anti-trust clearance to buy smaller local rival Brinks.
HJ Heinz has completed the sale of Tegel Foods, its New Zealand-based poultry business, to Australian private equity firm Pacific Equity Partners. The transaction was valued at NZ250m (US$165m).
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Kellogg to slash 250 jobs
- Mondelez sells Vegemite to Bega
- Nestle mum on Mead Johnson takeover talk