Ruralco Holdings Limited (ASX:RHL) acquired remaining 37% stake in Saffin Kerr Bowen Pty Ltd on December 12, 2016. The Ruralco Holdings acquired increased equity stakes in Frontier International Agri Pty Ltd to 75% and Saffin Kerr Bowen Pty Ltd and Territory Rural Pty Ltd to 100% for a total cash consideration of AUD 1.2 million.