Heartland buys Aussie stock-financing business for up to A$154m

Heartland buys Aussie stock-financing business for up to A$154m
CEO Jeff Greenslade said the purchase fits Heartland's 'best or only' strategy. (Image: supplied)
Jenny Ruth
Heartland Group will pay up to A$154 million (NZ$166m) for an Australian livestock financing business called StockCo Australia.Heartland said it expects the purchase will contribute an additional A$10m to A$12m in net profit before any ongoing cost of acquisition debt funding.Heartland reported a 7.8% increase to $47.5m in first-half net profit. Guidance for the full year ending June 30 is between $93m and $96m and the company said that guidance remains unchanged, given the likely timing of the settlement by the end of May.StockCo specialises i...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025