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.
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Other stock markets
|
5-day change | 1st Jan Change | ||
0.8375 AUD | +2.13% | -0.30% | +6.69% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+6.69% | 47.82M | |
-2.88% | 6.64B | |
-22.91% | 698M |
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- Midway to Sell Plantation Estate in Southwest Victoria for AUD 154.1 Million