Mauro Balzarini to sell 45pc of his Wellard shares

Wellard Limited CEO and major shareholder Mauro Balzarini is selling just under half of his shares in the publicly listed livestock exporting company. The sale will finalise outstanding arrangement between between Wellard Ltd and Mr Balzarini’s company WGH Holdings. Under the same agreement the shares will be bought by Wellard Limited’s Chinese Joint Venture Partner the Fulida Group, one of the largest non-state owned enterprises in China. Upon finalisation of the deal, which is expected to occur within one week, Fulida will take a 16.58pc share in Australia’s largest livestock exporting company, making it Wellard’s second largest shareholder. The value of the…

Source: Beef Central
Mauro Balzarini to sell 45pc of his Wellard shares