Allied Farmers to sell majority stake in NZ Farmers Livestock

Allied Farmers has announced a conditional agreement to sell its 67.77% stake in NZ Farmers Livestock to Rural Livestock.

The sale, which has an enterprise value of $10.988 million, includes NZFL's veal processing and marketing business, Farmers Meat Export, as well as its 52% share of Redshaw Livestock and saleyard interests.

The transaction is subject to shareholder approval and is expected to be completed by December 1, 2025.

Allied Farmers said the sale will allow it to focus on its rural asset management business and explore other investment opportunities.