Ravensdown confirms Australian sale

Last updated 12:11 16/12/2013

Relevant offers

Agribusiness

Tourist farmstays a silver bullet for struggling dairy farmers? New weapon against Otago possums Marlborough harvest beats last year by 100,000 tonnes Bobby calf processing shifts to South Canterbury's Pareora meatworks plant Rapeseed oil downgrading limited after silo overheats Wine industry workers vye for Marlborough Young Viticulturist of the Year title Silver Ferns Farms meeting raises questions over Chinese deal Chinese aim to halve meat consumption should not affect NZ exports Government to crack down on biosecurity facilities to stop pests NZ millions poured into Ethiopian dairy development

Fertiliser co-operative Ravensdown has confirmed the sale of its western Australian operations has gone through as expected as part of its strategy to improve the business.

Ravensdown announced in July it was close to securing the sale.

Its entire western Australian operations, staff, assets and stock have been bought by Macrofertil Australia Pty,  a 100 per cent-owned subsidiary of Louis Dreyfus Commodities.

Financial details of the transaction have not been made public.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content