Australian Natural Proteins (ASX:AYB) which is looking to acquire and aggregate five dairy farms in the Riverina region of New South Wales has received an offer of funding from a private equity firm.
The company was looking to raise $50 million through a bond issue. The new offer from private equity is subject to the valuations of the farms and terms of financing.
This will change the primary focus of the company from sheep and crop production to full scale milk production.
Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.