Agria offer for PGG Wrightson goes unconditional

Chinese firm Agria's partial takeover of PGG Wrightson, with Chinese company New Hope and Ngai Tahu Holdings, has become unconditional and the offer is now closed.

Agria had sought to buy 38.3 per cent of the shares in PGG Wrightson, to take its stake to 50.01 per cent.

The latest information, published on Thursday, was that the acceptances received would take Agria's shareholding to 77.15 per cent.

Yesterday Agria said the final determination of the number of shares to be bought from each shareholder who accepted the offer would be made in line with the Takeovers Code and the offer.

- NZPA