PROMINENT livestock finance provider StockCo Australia has been acquired by New Zealand’s Heartland Group Holdings Ltd, opening up additional capital to support more Australian cattle and sheep producers with a stock finance facility.
A statement on the NZ Stock Exchange said the deal (including A$1.6 million of deferred consideration payable subject to performance hurdles) was worth A$154.4 million.
Existing operational funding for StockCo Australia has been refinanced by a new two-year committed securitisation warehouse funded by two major Australian financial institutions with…
