Agria pulls out of PGW board coup

Agria pulls out of PGW board coup
(Image: Supplied)
Riley Kennedy
PGG Wrightson’s largest shareholder has backed down from moving to dump most of its independent directors and reinstall its former chair.Last month, Agria, which has a 44% stake in the New Zealand stock exchange-listed ((NZX) rural services firm, requested a special meeting to have Alan Lai reinstalled as a director and ultimately chair and install its own three new NZ directors. That would have seen current chair Garry Moore and the two other PGG Wrightson (PGW) independent directors, Sarah Brown and Charlotte Severne, out...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025