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Uruguay venture to spend $70m

Montevideo : Uruguay | about 1 month ago  
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In the face of volatile dairy prices NZ Farming Systems Uruguay is looking to spend close to $70 million on developing dairy farms in South America. The company yesterday outlined plans to raise money through a bond issue and the sale of farms, first flagged in its annual results statement two months...
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  • News Source: New Zealand Herald | about 1 month ago
    In the face of volatile dairy prices NZ Farming Systems Uruguay is looking to spend close to $70 million on developing dairy farms in South America. The company yesterday outlined plans to raise money through a bond issue and the sale of farms, first...
  • News Source: Wellington Dominion | about 1 month ago
    A one-in-30-year drought and the collapse of milk prices leading to lower production and higher irrigation costs are among reasons NZ Farming Systems Uruguay has struggled. Angry shareholders confronted the board of loss-making fledgling firm NZ...
  • News Source: Scoop | about 1 month ago
    The review process which merged the two agreements also brought about a reduction in the management fee percentage to 0.75% from 1%. Wrightson will also, at NZS’s request, accept shares rather than cash for any future performance fee payments,...
  • News Source: Wellington Dominion | about 1 month ago
    New Zealand Farming Systems Uruguay estimates it needs a further US$50 million (NZ$68.7m) to US$60m to complete development of its 35,000ha of farms. That is on top of the US$30m raised by selling a first tranche of bonds in Uruguay, announced in...
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