NZX closes Feilding office, sells final Agri business
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
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7 August 2018
NZX closes Feilding office, sells final Agri business
NZX announces the closure of its Feilding office following the sale of its final agri business,
which was identified as non-core during last year’s strategic review.
The red meat and forestry components of AgriHQ have been sold to GlobalHQ Limited, owned
by Feilding agri-publishers, Dean and Cushla Williamson who purchased rural newspaper
Farmers Weekly from the exchange in June 2018.
The sale is effective 31 August, and 10 staff will transition with the sale along with nine casual
employees. NZX announced the closure of its Melbourne office last month following the sale of
its Australian Crop Forecasters and Profarmer Australia agribusinesses to Rural Bank.
Dairy was a key growth initiative identified in the exchange’s strategic review last year. NZX will
retain AgriHQ’s dairy data offering in order to support trading decisions and growth in its dairy
derivatives market, which has been identified as a global opportunity for NZX.
The disposal of this business will result in a write down of goodwill and intangible assets of $0.8
million.
The sale price is confidential.
For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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