New Zealand Rural Land Company Limited (NZSE:NZL) entered into conditional agreement to acquire Fourteen Large Scale Dairy Assets from Van Leeuwen Group for approximately NZD 110 million on April 30, 2021. The transaction will be financed using a combination of cash on hand (approximately NZD 70 million) and the balance in new debt from Rabobank. The transaction is conditional on NZL shareholders approving the transaction, the vendors financier terminating the appointment of the receiver and the vendor entering new financing arrangements for one of its dairy assets and its livestock. As of May 7, 2021, Notice is given that a special meeting of shareholders of New Zealand Rural Land Company Limited will be held on May 24, 2021. As on May 24, 2021, New Zealand Rural Land Company Limited's shareholders approved the transaction. The transaction is due to settle on June 1, 2021.