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AGR purchases 19.5% stake in Ridley Corp.

A California-based private equity fund has purchased a 19.5% stake in Australia-based Ridley Corp.

The stock feed and rendering business said it understood that AGR Partners — a private equity fund set up last year and professing a long-term approach to investment in agriculture — bought the stake from long-term holder GPG, which is in the process of winding down an international investment portfolio.