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    NZL — New Zealand Rural Land News Story

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    Brief: New Zealand Rural Land Announces Conditional Agreement To Buy 14 Large Scale Dairy Assets

    Picture of New Zealand Rural Land logoNew Zealand Rural Land
    30/04/2021 02:12
    April 30 (Reuters) - New Zealand Rural Land Company Ltd
 NZL.NZ :
    * CONDITIONAL AGREEMENT TO ACQUIRE FOURTEEN LARGE SCALE
DAIRY
ASSETS
    * WILL ACQUIRE 14 DAIRY ASSETS FOR AN AGGREGATE PURCHASE
PRICE OF
$114M
    * COMPLETION OF ACQUISITIONS WILL SEE NZL BEGIN PAYING
DIVIDENDS
IN FY2022
    * DEAL WILL BE FINANCED USING CASH ON HAND & BALANCE IN NEW
DEBT
    * NEW ZEALAND RURAL LAND CO LTD - FIGURES IN NZ$

Source text https://www.i-search.nzx.com/blobs/NZL000000/509464/NZL000000-345084.pdf
Further company coverage:  NZL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))

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