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.
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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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