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European Processor Dawn Meats to Acquire New Zealand Sheep Meat Exporter Alliance
Ireland-based processor Dawn Meats, specialized in red meat, has agreed to acquire 65% of Alliance Group for $250 million.
Alliance is one of the largest exporters of New Zealand sheep meat, but it also exports beef, venison, and others to around 65 countries, DC Advisory, the company advising the acquisition, said. Currently, Dawn Meats exports to around 50 countries, with a turnover of €3 billion, the company said.
The acquisition fits within the company’s growth plans. “A key part of Dawn’s strategic growth plan...
Austria And Hungary Join France in Concerns over Mercosur Deal
Representatives from Austria and Hungary met with the French Minister of Agriculture and Food Sovereignty, Annie Genevard. During the meeting, they “reiterated their strong concerns regarding the proposed free trade agreement between the European Union and the Mercosur countries,” the French Ministry of Agriculture and Food Sovereignty said.
"Significant quantities of imported products produced under lower standards could lead to the exclusion of European agricultural products,” István Nagy, the Hungarian Minister of Agriculture said. This could, the minister added, weigh on prices and on the profitability of EU...
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