Midway Limited (ASX:MWY) to sell its existing 17,000 hectare plantation estate in south-west victoria for AUD 154.1 million. A special purpose vehicle established by unit of Munich Re committed to invest additional $200 million for land purchases. The use of net proceeds will include reducing bank debt, investment in growth initiatives, returns to shareholders.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.75 AUD | +1.35% | +3.45% | -4.46% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.46% | 42.39M | |
-7.46% | 6.27B | |
-25.60% | 658M |
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- Midway to Sell Plantation Estate in Southwest Victoria for AUD 154.1 Million