New wool joint venture hatches bid for WSI - sportstextiles: Lea SportsTextiles

News

New wool joint venture hatches bid for WSI

15/09/2011
A new joint venture, The New Zealand Wool Investment Company, is reported to be preparing a bid for Wool Services International (WSI), the country’s biggest wool exporter.

Radio New Zealand has said that the new company, a partnership between farmer-owned Wool Equities and Christchurch-based investment bank Ocean Partners, plans to raise NZ$40 million before the end of October to buy WSI.

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.