LIC in talks to buy half-stake in Israeli farm management firm Afimilk

Tue, 18 Feb 2020

Livestock Improvement Corp said it’s in advanced talks to buy half of Israeli dairy farm management firm Afimilk Agricultural Cooperative.The New Zealand dairy herd genetics company confirmed the negotiations were underway after Israeli publication CTech reported LIC was close to buying 50 percent of the firm for US$70 million.Private equity firm Fortissimo Capital – which owns New Zealand telecommunications firm 4RF – would sell its 30.5 percent stake while Kibbutz Afikum would sell 19.5 percent, retaining a half-share, CTech reported.“The dis...

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