13 Feb 2012

BayWa increases stake in Turners and Growers

6:33 pm on 13 February 2012

The German firm trying to buy up fresh produce company Turners Growers continues to increase its stake in the New Zealand company.

BayWa launched a $216 million takeover offer for Turners Growers last year, after securing Guinness Peat Group's 63% holding.

It now has acceptances giving it almost 72% of the fresh produce marketer and distributor.

The offer closes on March the 7th.