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Defunct dairy group investors to get nothing after farm sales

With secured debts of $66m, Waitonui Milltrust is unlikely to repay creditors in full, say receivers.

A screen grab from video marketing of the farms by real estate firm Bayleys.

Tim Hunter Tue, 02 Jul 2024

The partners in a large dairy farm business in receivership, including UK fund manager Future Planet Capital, former StockCo director Ged Donald, former Kotahi Logistics CEO David Ross and Mainland Poultry CEO John McKay, will get nothing back after creditors are paid, say receivers.

Directors of

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Tim Hunter Tue, 02 Jul 2024
Contact the Writer: thunter@nbr.co.nz
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Defunct dairy group investors to get nothing after farm sales
Business,
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