Reclusive private rural investors Talley's Group wants to raise its stake in the second largest dairy company, Open Country Dairy.
Talley's already owns more than 55% of Open Country, and second largest shareholder Olam International has said it would sell up to 15% of the company if the price is right.
Talley's offer is said to value Open Country at $320 million.
If Olam sells, it would retain a 10% holding, after pocketing a profit of $46 million on the deal.
Talley's Group also owns substantial seafood assets and vegetable processing capacity. It also owns meat processor AFFCO.
Despite its size, details about the various Talley's operations are tough to find because the company operates in a very closed, non-transparent manner. This latest information is available because Olam released the details on the Singapore stock exchange.
If readers know more about the Open Country business, and especially its payout history, we would be keen to hear.
This latest dairy deal is one of many in the fast-growing New Zealand dairy industry, all stemming from the rising demand for its products in China.
The Open Country Shareholders listed on the Companies Office database are as follows:
Allocation 1: 91,055,883 shares (54.34%)
TALLEY'S GROUP LIMITED
Port Motueka, Motueka ,
Allocation 2: 41,891,667 shares (25.00%)
OLAM INTERNATIONAL LIMITED
11-02 Suntec Tower 2, 9 Temasek Boulevard, Singapore 038989 ,
Allocation 3: 16,737,800 shares (9.99%)
DAIRY INVESTMENT FUND LIMITED
C/- Evan Taylor Limited, First Floor 192 Papanui Road, Merivale, Christchurch, 8400 , New Zealand
Allocation 4: 7,560,353 shares (4.51%)
BALLE BROS CAPITAL LIMITED
166 Heights Road, Rd 1, Pukekohe 2676 ,
Allocation 5: 2,928,579 shares (1.75%)
WAIPAHI DAIRY FARMS LIMITED
9 Moray Place, Dunedin ,
Allocation 6: 2,209,552 shares (1.32%)
FNZ CUSTODIANS LIMITED
Floor 10 Fujitsu Tower, 282-292 Lambton Quay, Wellington ,
Allocation 7: 863,235 shares (0.52%)
HUGH GREEN INVESTMENTS LIMITED
Level 2, 8 Gloucester Park Road, Onehunga, Auckland, 1061 , New Zealand
Allocation 8: 853,713 shares (0.51%)
R G PATERSON HOLDINGS LIMITED
137 Portobello Road, Vauxhall, Dunedin ,
Allocation 9: 600,000 shares (0.36%)
PROSPECT CUSTODIAN LIMITED
Level 4, 16 Viaduct Harbour Avenue, Auckland, 1010 , New Zealand
Allocation 10: 544,185 shares (0.32%)
LP TRUST CO LIMITED
Unit 1, 5 Millais Street, Grey Lynn, Auckland ,
Allocation 11: 530500 shares (0.32%)
WAIPAHI DAIRY FARMS LIMITED
9 Moray Place, Dunedin ,
Allocation 12: 530,500 shares (0.32%)
WAIPAHI DAIRY FARMS LIMITED
9 Moray Place, Dunedin ,
Allocation 13: 258,233 shares (0.15%)
DAIRY INVESTMENT FUND LIMITED
C/- Evan Taylor Limited, First Floor 192 Papanui Road, Merivale, Christchurch, 8400 , New Zealand
Allocation 14: 200,000 shares (0.12%)
Richard Grant PATERSON
137 Portobello Road, Vauxhall, Dunedin, 9013 , New Zealand
Allocation 15: 122,950 shares (0.07%)
Peter Nicholson And DAVID IGGULDEN
3 Railway Road, Hawera, Hawera, 4610 , New Zealand
Allocation 16: 100,000 shares (0.06%)
R G PATERSON HOLDINGS LIMITED
137 Portobello Road, Vauxhall, Dunedin ,
Allocation 17: 41,630 shares (0.02%)
WAHAROA INDUSTRIAL PARK LIMITED
Factory Road, Waharoa ,
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