Chinese agricultural companies have taken control of New Zealand rural services company PGG Wrightson. The bid vehicle Agria (Singapore) Pte yesterday disclosed it had a 50.52 per cent holding.
Agria (Singapore) is jointly owned, directly or indirectly, by Beijing-based Agria Corp and New Hope, which is one of China's largest agricultural and food corporations.
Agria said that PGG Wrightson's business required restructuring and a refocus on the core agricultural services and technology businesses to achieve its full potential.
Agria takes PGW
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