PGG Wrightson sells seeds unit for $421m
NZX-listed company’s most profitable business goes to Danish buyer.
Tim Hunter
Mon, 06 Aug 2018
PGG Wrightson has agreed a deal to sell its seed and grain business to Danish multinational DLF Seeds for $421 million.
The transaction is conditional on shareholder approval and Commerce Commission clearance.
The company said it was considering a capital return to shareholders of up to $292m
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Tim Hunter
Mon, 06 Aug 2018
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