AFA Finalizes Sale of Australian Pastoral Assets Through Colin Bell's Estate
1 report, 1 independent
Updated Sun 00:00
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What happened
The Shippen family's Banyandah Pastoral finalized the purchase of six prestigious sheep stations from AFA's Australian Food & Agriculture portfolio, totaling 123,000 hectares of grazing and cropping country. The delayed buyout was reported to cost $300 million. The sale was finalized through the estate of Colin Bell.
From farmweekly.com.au
Why it matters
The transaction represents a significant divestiture of core pastoral assets from AFA. Ray Dalio and Alastair Provan are noted as major investors in AFA. The sale was managed through the estate of Colin Bell.
From farmweekly.com.au