NZX sells Australian grain data business, closes Melbourne office

Thu, 26 Jul 2018

By Sophie Boot July 27 (BusinessDesk) - NZX has sold its Australian grain data business to Rural Bank for an undisclosed figure, and will close its Melbourne office. In a statement, the stockmarket operator said the sale of the business assets of Australian Crop Forecasters and Profarmer Australia would be effective from Aug 31. NZX will write down $2.1 million in intangible assets, it said. The company had $36.3 million in intangible assets at Dec. 31, 2017. "The transaction continues the NZX’s execution of its strategy announced in N...

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