Rural Land Co sells 25% stake for $44m
Buyer is an Australian investment fund.
Farm and forestry land investor NZ Rural Land Company has agreed to sell a 25% stake in its net land assets for $44.2 million to an Australian fund managed by Roc Partners .
The deal is priced at an 18% discount to book value and a 50% premium to NZ Rural Land Company’s market capitalisation.
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