NZ Farming Systems Uruguay (NZFSU) is advising shareholders to wait for a target company statement before deciding whether to sell shares to Singapore's Olam International, which has initiated a takeover offer for the company.

Singapore-based multinational food giant Olam International, a global supplier of agricultural products and food ingredients, has brought almond plantations of failed agribusiness group Timbercorp for $128 million. However, the deal is yet to pass some regulatory hurdles, and may take up to two months to complete.