Allied Farmers wants to buy back stake in NZ Farmers Livestock

Tina Morrison
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...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Election 2020
ELECTION 2020: Labour needs Greens on latest One News poll
Pattrick Smellie | Mon, 28 Sep 2020

Labour needs the Greens to govern in the latest One News-Colmar Brunton poll, with the gap closing with National. NZ First hits a new low.

Markets
MARKET CLOSE: Shares flat as utilities soar while A2 plunges
Dan Brunskill | Mon, 28 Sep 2020

Shares flatlined as sharp drop from A2 Milk was cancelled out by a rally in electricity stocks.

Infrastructure
Ports of Auckland cuts dividend by three-quarters
Brent Melville | Mon, 28 Sep 2020

Ports of Auckland is delivering a smaller return to council as it deals with the impacts of the pandemic. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.