Cushing family's H&G to buy 2.2% Wrightson stake from Agria

Sun, 31 Mar 2019

By Paul McBeth April 1 (BusinessDesk) - The Cushing family's H&G vehicle has agreed to buy a 2.2 percent stake in rural services firm PGG Wrightson from Agria Corp. for $8.3 million. H&G has agreed to pay 49 cents a share for 17 million Wrightson shares, matching Friday's closing price. Agria owns 351.6 million shares, or 46.6 percent of the rural services firm, having divested a 7.2 percent holding in December when Ngāi Tahu Capital withdrew from a seven-year pooling arrangement with Agria and Chinese agribusiness New Hope International....

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