NZ Farming Systems Uruguay to cut ties with NZ, posts biggest loss since Olam took control

Mon, 19 Sep 2016

By Jonathan Underhill Sept. 19 (BusinessDesk) - NZ Farming Systems Uruguay, set up by New Zealand investors in 2006, is to cut ties with the country after delivering its biggest-ever loss to owner Olam International of Singapore. Olam has retained a New Zealand registration for the South American subsidiary since buying out minority shareholders and delisting it from the NZX in late 2012, with its registered office care of law firm Buddle Findlay in Auckland. But the latest annual report of Farming Systems says the group "has the intentio...

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