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Life on the land in Australia

Archive for the 'BUYOUTS AQUISITIONS TAKEOVERS' Category

Panama-infested Queensland banana bought out by Australian government

A Queensland banana farm ruined by the devastating Panama disease last year has been bought out. The Tully farm, owned by the Robson family, was the first Queensland property to be found with Panama Tropical Race 4 (TR4), a soil-borne fungus which attacks banana plants. The Robson family signed off on a $4.5m buyout of […]

October 31st, 2016
Topic: Bananas, BUYOUTS AQUISITIONS TAKEOVERS, DISEASES, GOVERNMENT, Queensland, REAL ESTATE Tags: , , , , ,

Australia Cinemas Hoyts chain sold to Chinese investment firm ID Leisure Ventures for almost $1b

A Chinese billionaire has acquired Australia’s second biggest cinema chain, Hoyts Group, in a deal understood to be worth almost $1 billion. Private equity firm, Pacific Equity Partners, offloaded the movie company on Tuesday to China’s 149th richest man Sun Xishuang, ending months of speculation. Mr Sun bought Hoyts through his British Virgin Islands-based investment company, […]

December 23rd, 2014
Topic: BUYOUTS AQUISITIONS TAKEOVERS, CHINA Tags: , ,