Agria repays $5 million loan and interest owed to Livestock Improvement

Tue, 03 Dec 2013

Dec. 4 (BusinessDesk) - Livestock Improvement, the farmer-owned bull semen and dairy genetics company, said China’s Agria has made early repayment on the balance of a loan that allowed it to take control of PGG Wrightson. LIC provided the loan as part of Agria’s $144 million partial takeover of Wrightson in 2011 and last year gave the Chinese company until March 2014 to repay the balance, extending an earlier deadline. The funding allowed Agria to take control of New Zealand’s biggest rural services company including its valuable portfolio of...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
Climate change: some bans banned as energy policy evolves
Ian Llewellyn | Tue, 17 May 2022

The Emissions Reduction Plan shows the evolution in the government's thinking on energy policy.

Technology
$20m for SaaS and innovation in the Budget
Ben Moore | Tue, 17 May 2022

A first look at where the digital economy will benefit from government investment.

Charities FREE
Charities regulator more guide dog than watchdog
Oliver Lewis | Tue, 17 May 2022

Regulator opts more for education than enforcement. 

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.