Singapore-listed Olam International has increased its stake in NZ Farming Systems Uruguay snapping up Rural Portfolio Investment's stake in the company.In an announcement to NZX late Monday afternoon, Olam bought RPI's 10 million shares in the dairy farmi
Singapore-listed Olam International has increased its stake in NZ Farming Systems Uruguay snapping up Rural Portfolio Investment’s stake in the company.
In an announcement to NZX late Monday afternoon, Olam bought RPI’s 10 million shares in the dairy farming company for $4.1 million.
As a result, all of RPI’s assets have been liquidated after receivers were called in to the beleaguered investment company earlier this month.
This has raised Olam’s stake in NZ Farming Systems Uruguay to 18.4% from 14.3%.
