Receivers sell three farms out of mega dairy collapse

Receivers sell three farms out of mega dairy collapse
Three farms were part of the receivership. (Image: Unsplash)
Victoria Young
Bank of New Zealand-appointed receivers have sold the three farms in the Waitonui Group of dairy companies.As reported earlier, major Fonterra supplier Waitonui owed BNZ about $36.5 million.The firms in receivership are Waitonui Milltrust Agricultural Holdings General Partner, Waitonui Milltrust Agricultural Holdings Partnership, WMAH Farm Management General Partner and Waitonui Milltrust Agricultural Holdings Farm Management Partnership.According to the first receivers’ report of Andrew Grenfell and Kare Johnstone for Waitonui...

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