What's at stake: A dairy farm owner has been put into receivership by its bank, after financial struggles.
Background: Established in 2019, Waitonui Milltrust Agricultural Holdings grew rapidly to become a key supplier to Fonterra, but the company faced financial challenges that has led to its receivership.
Key players: Waitonui Milltrust Agricultural Holdings, Milltrust Agricultural Investments, Future Planet Capital, Gerard Donald, Michael Cotter, Donald McKay, David Ross, Andrew Grenfell, McGrathNicol, StockCo, Farm Source, John Monaghan, Thomas Reeves.
A large dairy farm partnership once worth over $125 million has been placed into receivership.
Waitonui Milltrust Agricultural Holdings, which owned and managed a portfolio of dairy farms in Taupō and Ōamaru, was placed into receivership by banker BNZ on April 15.
At its peak, the company owned
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What's at stake: A dairy farm owner has been put into receivership by its bank, after financial struggles.
Background: Established in 2019, Waitonui Milltrust Agricultural Holdings grew rapidly to become a key supplier to Fonterra, but the company faced financial challenges that has led to its receivership.
Key players: Waitonui Milltrust Agricultural Holdings, Milltrust Agricultural Investments, Future Planet Capital, Gerard Donald, Michael Cotter, Donald McKay, David Ross, Andrew Grenfell, McGrathNicol, StockCo, Farm Source, John Monaghan, Thomas Reeves.
