Allied Farmers wants to buy back stake in NZ Farmers Livestock

Mon, 02 Nov 2015

By Tina Morrison Nov. 3 (BusinessDesk) - Allied Farmers wants to buy back a stake in NZ Farmers Livestock that it sold down last year to pay debts. The Stratford-based company said subsidiary Allied Farmers Rural agreed to buy a 9.3 percent stake, or 950 shares, in NZ Farmers Livestock from Stockmans Holdings through the issue of $1 million of new shares. It currently owns 57 percent of NZ Farmers Livestock, while Stockmans owns 27 percent, according to Companies Office records. Last year, Allied sold 1,026 shares in NZ Farmers Livesto...

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