Australian player to acquire NZ Wool Services In - sportstextiles: Lea SportsTextiles

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Australian player to acquire NZ Wool Services International

18/02/2013
Australian based investment company WSI Holdings has made a full takeover offer for New Zealand Wool Services International.

WSI Holdings is an associated company of Melbourne-based wool merchant and processor Lempriere Holdings.

In November, WSI Holdings made a formal bid for all the shares. It has now acquired more than 90% of the New Zealand Wool Services shares which means it can now compulsorily buy the remaining 10%, Radio New Zealand has reported.




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