Partially selling one of New Zealand's largest meat companies should give it much-needed capital, according to some.

Farmer shareholders of Alliance Group voted to let Ireland's Dawn Meats buy a 65 percent stake in the company, for $270 million.

The remaining 35 percent will still belong to the co-op.

The Country's Jamie Mackay explained further. 

LISTEN ABOVE

See omnystudio.com/listener for privacy information.