This Month
Great Barrier Reef island visited by Captain Cook set to fetch $20m
Quail Island near the Whitsundays was last purchased for $2 million in 2020. Meanwhile, a cattle station north of Alice Springs is on the market for about $40 million.
- Larry Schlesinger
Pernod Ricard exits Australian wine making, sells to Bain consortium
The French giant’s portfolio of local brands – as well as those in New Zealand and Spain – will be combined with Accolade Wines, the company behind Hardys.
- Kylar Loussikian
Seppeltsfield buys up as Australian Vintage offloads two vineyards
The ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
- Kylar Loussikian
Giant farming co-op looks to exit flour mill partnership with Salim
Australia’s biggest co-op, farmer-controlled CBH, wants to sell its stake in a network of flour mills in South-East Asia owned with the Indonesian family.
- Brad Thompson
- Exclusive
- Industrial
AWH lease renewal locks cotton, wool in shed for another 7 years
Transport access is key for the fibre handler, which accounts for 4 per cent of the REIT’s total portfolio.
- Michael Bleby
Agribusiness sells livestock vessel and share price jumps 117pc
Paul Holmes à Court-backed Wellard is selling its oldest carrier, the Ocean Ute, in a move that has more than doubled the company’s share price.
- Brad Thompson
US private equity firm lists $250m farming portfolio
Proterra Investment Partners is having another go at selling its One Tree Agriculture portfolio spanning 21 farms in NSW and Queensland.
- Larry Schlesinger
June
Competition red flags for Olam in battle for Namoi Cotton
ACCC commissioner Stephen Ridgeway says the bidding war for Namoi Cotton could “all fall over” if rival bidders can’t overcome “serious competition issues”.
- Brad Thompson
Riding the wave: this Regal-backed fund is betting big on water
Kilter Rural’s Euan Friday predicts water prices will rocket 300 per cent this year, after huge government intervention and the weather dries up.
- Cecile Lefort
GrainCorp looks beyond life as a rainy day stock
Wet conditions have boosted hopes of another bumper crop. The ASX-listed agribusiness’s share price has been a big beneficiary.
- Brad Thompson
Louis Dreyfus refuses to back down in battle for Namoi Cotton
The French agribusiness giant has turned up the heat on rival bidder Olam as the competition watchdog casts a big shadow over the fight for the ASX-listed group.
- Brad Thompson
May
Rest Super-backed Cibus to push into carbon farming and robotics
Cibus Capital will make a big push into regenerative farming and will use the latest robotics to expand one of the country’s biggest seedling growers.
- Larry Schlesinger
Nufarm boss says he wants even playing field, not handouts
Nufarm chief executive Greg Hunt says other nations treat grain production as a critical industry.
- Brad Thompson
Costa family-backed GO.FARM seeks $300m for new agricultural fund
Stressed assets – either from receivership or family dynamics – is where the firm has harvested nearly a third of its 100-plus deals since its founding in 2013.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rural Funds, SA winemakers list $80m of cattle stations
Rural Funds is selling two cattle properties in Queensland’s Gulf of Carpentaria, while the SA-based DiGiorgio family is selling Aroona Station in the NT.
- Larry Schlesinger
Rothschild, Cameron Partners seek buyers for Nestle’s Egmont Honey
The bankers have been spruiking Egmont Honey as “the fastest growing manuka company globally” in a 10-page deck.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Wagga sheep farm of Fraser-era minister Wal Fife listed for $30m
The 2000 hectares Gundary was owned by the late politician until his death in 2017. Mr Fife served in the NSW and federal parliaments for over 35 years.
- Larry Schlesinger
Quadrant puts Rocklea Road maker Darrell Lea on the block
Advisers UBS and Gilbert + Tobin are expected to market the business based on a $70 million earnings figure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ACCC intervenes in bidding war over Namoi Cotton
The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.
- Kylar Loussikian
Former QIC boss Damien Frawley puts Qld cattle station on the market
Damien Frawley, who is a director at Mirvac and chair of Hostplus, is the biggest shareholder of Blue Sky Beef which is selling Gowan Station.
- Larry Schlesinger
