Post by Kiwi Frontline on Dec 18, 2018 16:14:37 GMT 12
NGĀI TAHU BACKS OUT OF AGRIA DEAL, TAKES DIRECT STAKE IN WRIGHTSON
Ngāi Tahu Capital has taken a direct stake in PGG Wrightson, ending a seven-year relationship with Singapore-domiciled Agria as the foreign investor's grip on the rural services firm remains uncertain.
Ngāi Tahu has taken direct ownership of 27.4 million Wrightson shares, or 3.6 per cent of the company, worth about $14 million at the current 51 cents share price. No consideration was paid, documents lodged with the stock exchange show.....