PGG Wrightson

Heartland settles aquisition of PWF

Heartland New Zealand's acquisition of PGG Wrightson Finance has been finalised.

Depositors remaining loyal to Heartland

Heartland New Zealand retail depositors continued to demonstrate strong loyalty, group treasurer Craig Stephen said yesterday.

$30m loss an 'ugly' result for PGG Wrightson

$30m loss an 'ugly' result for PGG Wrightson

PGG Wrightson has recorded a net loss after tax of $30.7 million for the year ended June - a year which the rural services company has described as "defining".

Uncertainty brings down prices

Prices for most styles of wool finished cheaper again at this week's combined sale of North Island and South Island wool in Christchurch.

Heartland $3m extra bid

Heartland $3m extra bid

The proposed Heartland bank will seek an extra $3 million to take its overall capital raising to $58 million, to go towards the $100 million purchase of listed PGG-Wrightson's rural loan book, valued at up to $430 million.

PGGW takes control of WPI as door closes

PGG Wrightson has taken direct control of Wool Partners International (WPI), with WPI trading from today as PGG Wrightson Wool.

Growers buy NZ Merino half-share

Merino growers have voted to buy PGG Wrightson's half-share in New Zealand Merino for $7.625 million.

PGG-W sells rural loans to Heartland

PGG-W sells rural loans to Heartland

PGG-Wrightson has agreed to sell its finance division's up to $430 million rural loan book to fledgling bank Heartland New Zealand for about $100 million, which includes capital raising of a minimum $55 million from private placement and a share purchase plan.

PGG Wrightson to sell share holding

PGG Wrightson is selling its half-share in New Zealand Merino for $7.625 million, putting the company totally in the hands of its grower shareholders.

Key shareholding in PGGW for Ngai Tahu

Ngai Tahu Holdings plans to take a $15 million cornerstone shareholding in PGG Wrightson through its involvement in a joint venture with major Chinese agriculture companies.

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