Dairy

Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.

The sale is the latest move in an ongoing review following the announcement of the cooperative’s first ever annual loss in September 2018.

The Roc Capital and Wattle Hill vehicle raises its offer to A$21.00 per share for the Australian company amid speculation of a rival bid from listed dairy producer Bega Cheese.

The New Zealand dairy co-operative has posted a $129m loss as it writes down $289m on a Chinese investment.

A raft of measures will come into effect following the new agreement, with livestock, citrus and dairy exporters set to benefit.

Prices for both water entitlements and allocations are at record levels. Investors rejoice, but cotton, rice and dairy producers are feeling the squeeze.

The firm's debut ag fund encountered few hurdles when bringing in foreign money but its CEO says fresh regulation could now make such transactions more difficult.

After completing two acquisitions since September 2016, the dairy supplier has been acquired by Exponent, a UK mid-market firm.

The farm went into administration in March after retailer Harvey Norman went public about its disagreement with Hong Kong's Eternal Sound over future plans.

Joy Basu’s exit from her role with the $2bn vehicle leaves it without a lead executive for agriculture, one of the seven sectors it targets.