August 5, 2018 / 8:48 PM / 4 months ago

New Zealand's PGG Wrightson to sell seeds business for $283.5 mln

Aug 6 (Reuters) - Agricultural goods supplier PGG Wrightson said on Monday it had agreed to sell its seeds business to Danish seeds company DLF Seeds A/S for NZ$421 million ($283.50 million) following a strategic review.

DLF Seeds also will assume or repay PGW Seeds’ net debt outstanding as at 30 June 2018 of about NZ$18 million, PGG said in a statement. ($1 = 1.4850 New Zealand dollars) (Reporting by Ambar Warrick in Bengaluru Editing by Peter Graff)

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