Ruralco may sell Elders stake

One-time suitor will wait for full-year results to decide whether to keep holding.

Ruralco Holdings (RHL) may sell its stake in one-time takeover target Elders (ELD) but will not decide until it sees the group's full-year results in November, The Australian Financial Review reports.

According to the newspaper, the Ruralco board wants to see Elders' results before deciding whether to keep its 12% stake in the company after having a $245 million takeover offer for its rural services division rejected in June.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles