Dairy Farms NZ sells 6 of 7 farms, last one to go next year

The corporate dairy farmer had 900,000 Fonterra shares. (Image: Fonterra)

Wed, 08 Oct 2025

South Island corporate farmer Dairy Farms NZ has made an offer to shareholders to purchase 80% of the shares at 82c.Six of the seven farms owned by the business have been sold after shareholders voted to sell down its assets, retire debt and return equity to investors.DFNZ, 49% owned by EGI-NZ Dairy with 53 other shareholders holding a minority stake, was set up in 2014 and had a peak milking herd of more than 6,000, supplying both Fonterra Co-operative Group and Synlait Milk.Its farms, across Canterbury and Southland, operated as a herd-owning...

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