Macquarie is ramping up its involvement in Australia’s agricultural sector, taking a controlling stake in one of the country’s largest fresh produce providers, Fresh Produce Group, for over $175 million.
The latest deal, through Macquarie Asset Management, adds to a growing array of major agribusiness investments, including Cubbie Station, the country’s largest cotton irrigator, and Cowal Ag, a central Queensland cropping enterprise.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
