The New Zealand Rural Land Company (NZL) says it has entered conditional agreements to buy assets from the Van Leeuwen Group (VGL), which went into receivership last week.
Adriaan and Wilma van Leeuwen told Dairy News by email from overseas that the South Canterbury business is not in receivership, as rumoured.
They also had heard this rumour, on RNZ National radio, but say it is "false". The group has 12 holdings and 12,000 dairy cows, and is the world's largest robotic milking farm. Last year it expanded by installing 24 Lely robots in three barns of 500 cows each.
Adriaan and Wilma also made the Rich List last year with wealth estimated at $65 million.