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New Zealand dairy processor Synlait Milk has denied that it is involved in discussions with The A2 Milk Company or Fonterra regarding a potential transaction.

The company issued the statement in response to media reports published on Monday 17 August concerning a possible deal involving third parties.

“Synlait confirms that it is not involved in any discussions with The A2 Milk Company or Fonterra regarding the matters referred to in those reports,” the company said.

Synlait provided no further details and said it had no additional comment at this time.

Earlier this year, chief executive Richard Wyeth resigned after leading the company through efforts to stabilise its operational, quality and financial performance.