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Chinese firm in talks to buy Kiwi dairying giant

Source: New Zealand Herald

Auckland : New Zealand | 3 months ago

2 0

The sale would make the Chinese interests one of the biggest individual shareholders in Fonterra, but would save two New Zealand banks and PGG Wrightson Finance from taking big losses on loans to the farming group. Allan Crafar told interest.co.nz the family-owned Crafar Farms group had been in discussions...

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News Stories

Crafarms could sell to Chinese group

News Source: Wellington Dominion | 3 months ago

Crafarms, the owner of some 30 farms mainly in the central North Island, is seeking a buyer for its operations after being saddled with fines and costs for effluent discharges and high debt levels. Allan Crafar, one of the principals and a member of...
Chinese firm in talks to buy Kiwi dairying giant

News Source: New Zealand Herald | 3 months ago

The sale would make the Chinese interests one of the biggest individual shareholders in Fonterra, but would save two New Zealand banks and PGG Wrightson Finance from taking big losses on loans to the farming group. Allan Crafar told interest.co.nz...
Powerful dairy farming family to quit industry (NZPA)

News Source: Xtra News | 3 months ago

One of the country's biggest dairy farming operations say they have been hounded by authorities over dirty dairying and will sell all their farms. The Crafar family, which owns Crafarms, is selling the 22 dairy and dry stock farms the company owns in...