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    NZL — New Zealand Rural Land News Story

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    Brief: New Zealand Rural Land To Sell 25% Interest In Portfolio

    Picture of New Zealand Rural Land logoNew Zealand Rural Land
    19/01/2024 01:21
    Jan 19 (Reuters) - New Zealand Rural Land Company Ltd
 NZL.NZ :
    * SALE OF 25% INTEREST IN PORTFOLIO
    * INVESTOR WILL ACQUIRE EQUITY INTEREST FOR APPROXIMATELY
NZ$44.2
MILLION
    * ENTERED INTO A CONDITIONAL SUBSCRIPTION AGREEMENT TO SELL
A 25%
EQUITY INTEREST IN ITS LAND PORTFOLIO
    * TRANSACTION IS EXPECTED TO COMPLETE ON 8 FEB 2024
    * NZL TO USE PROCEEDS TO REPAY NZ$11.8 MILLION OWING ON
CONVERTIBLE NOTE THAT IT DREW DOWN IN APRIL 2023

Further company coverage:  NZL.NZ 

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

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