Elders buys ‘strategic’ stake in PGG Wrightson
ASX-listed company says it has no plans to take control.
Elders offers retail, stock trading, real estate and financial services to Australian farmers.
Australian farming services company Elders has bought an 11.3% stake in its New Zealand counterpart PGG Wrightson, describing the acquisition as a “strategic investment”.
The shares were purchased from Chinese state-owned company BCA New Continent Agri Holding for $37.1 million, or $4.35 a
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