New Zealand Farming Systems sells

7.771 hectares of farmland were sold to two different local buyers. According to AgriMoney.com New Zealand Farming Systems Uruguay sold 1,769 hectares of land in western Uruguay to farm operator Nalmer and 6,002 hectares to Galperin Group.

The sales are part of a restructuring program of OLAM, the agricultural trader from Singapore which is the owner of New Zealand Farming Systems since 2012. These transactions are done for an amount of $ 53.7 USD. In both cases it concerns a sales and lease back construction.