Japfa to sell stake in China dairy business to Meiji for $254m
- Foodbev
- 17 April 2020
Japfa’s AustAsia operates seven farms in China with roughly 80,000 cows and is a major supplier of raw milk to Meiji’s dairy business.
Japfa’s AustAsia operates seven farms in China with roughly 80,000 cows and is a major supplier of raw milk to Meiji’s dairy business.
The Australian fund has confirmed that it has completed an off-market deal to acquire Terrick Terrick, a 55,000-hectare property from long-time owners Russel Pearson and the Pearson family, for an undisclosed amount.
Large institutional investors are pouring capital into global agricultural markets, and Australia has been a key target.
Foreign buyers stepping into the rural property or agribusiness sector will have to negotiate new regulatory hurdles aimed at preventing a rush of opportunistic offshore-based takeovers during the coronavirus emergency.
The TH Group has settled a deal to buy three Top End cattle stations in Australia, covering 732,900 hectares and with 60,000 head of cattle, more than 12 months after a contract was signed.
The ANZ bank has agreed to provide a financial package to Cambodian families forcibly displaced by a sugar company the Australian bank loaned money to in 2011.
Daybreak Cropping, a partnership between Warakirri Asset Management and the Canadian Public Sector Pension Investment Board, paid $97 million for the 22,000 ha broadacre farm.
A company backed by one of South Africa’s richest men is setting itself up to be a major player in the Northern Territory’s beef sector after paying $70 million for two major cattle stations, Tanumbirini and Forrest Hill.
PSP Investments has been doubling down on capital commitments in Australia’s ag sector – and particularly in almonds and water recently.
A Canadian pension fund has bought a huge parcel of Australian permanent water rights for $490M to irrigate almond trees, in a move that puts the spotlight on foreign ownership of farms and water resources as drought ravages the country.
Olam a déclaré avoir signé un accord de partage des revenus avec Investissements PSP pour les vergers d'amandiers, les actifs associés et les droits d'utilisation de l'eau en Australie
The Chinese exodus from the east coast beef, lamb and cropping sectors is gathering pace, with recent divestments by Rifa Salutary and Union Agriculture surpassing $50 million.
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