A2 Corp to establish A$7.5m Australian facility

A2 Corp is to set up a milk processing facility in Australia, at an estimated capital cost of $A7.5 million ($10.1 million).

The project, which included a purpose-built factory in south western Sydney, would support the growth of wholly-owned subsidiary A2 Dairy Products Australia. Planning had been under way for more than a year, A2 said today.

Funding would be from a combination of equity and an asset finance facility provided by the company's bankers.

New equity capital of $3.9 million was to be raised through a share placement to two existing shareholders, AMP Capital Investors (New Zealand) and Freedom Foods Group.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report
December 30th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT
December 29th Morning Report
December 24th Morning Report
Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East