Allied Farmers tops up Rural Land Co IPO

Allied Farmers tops up Rural Land Co IPO
Dan Brunskill
Allied Farmers has agreed to invest $750,000 in the NZ Rural Land Company initial public offer, pushing its capital raising over the minimum threshold of $75 million.The investment was made from existing group reserves and brings Allied Farmers’ investment in NZRLC to $1.12 million once $375,000 in loans are converted to shares.Hitting the $75 million milestone meets the final condition for a deal in which Allied Farmers will acquire 50 percent of the farm-land investment company’s manager, NZ Rural Land Management Partnership. &nbs...

More Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Riley Kennedy 03 Jul 2025