Elders to acquire 30pc stake in StockCo

Elders has announced plans to acquire a 30 percent equity interest in livestock financing company StockCo’s Australian business. The deal is subject to final negotiation of contracts and fulfilment of various conditions, Elders said in an announcement to the Australian Securities Exchange. The balance of Stockco’s Australian business will be held by an entity within the StockCo group. StockCo is a specialist provider of livestock funding solutions. Operating in Australia since 2005, it helps beef and lamb producers fund the “finishing” phase of livestock’s growth. Since launching its finishing finance product in 2014, StockCo has funded over $250 million of livestock in Australia…

Source: Beef Central
Elders to acquire 30pc stake in StockCo