Wrightson acquires 50% stake in Uruguayan agri firm for undisclosed sum

Tue, 14 Jul 2015

By Suze Metherell July 15 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, will take a 50 percent stake in Agrocentro Uruguay for an undisclosed amount, made up of an upfront payment and capped earn-outs over the next three years. The Christchurch-based company will buy half of the Uruguayan rural services company, which is already Wrightson's largest seeds customer, it said in a statement. Wrightson has been involved with Agrocentro since its inception in 2007. Wrightson executives weren't immedi...

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