Elders strikes new debt deal

Group moves forward repositioning as pure agribusiness, flags 10% job reductions.

Elders (ELD) has struck a deal with financier to extend its loan facilities and flagged a series of job cuts as the group pushes forward with its repositioning as a purely agricultural business.

In a statement to the Australian Securities Exchange, Elders said the renewed finance facilities would run until December 31, 2014, subject to final credit approvals and documentation.


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