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1.Market Observations

24 Feb 2014 (AFR) – Dairy farms can’t get buyers like processors can

(24 Feb 2014, AFR, p40, Matthew Cranston)

‘At least $300 million worth of dairy farms across Australia have failed to sell or bring in capital partners after more than a year on the market, despite appetite for dairy processing assets. The Chinese Investment Corporation, which had regularly been cited as a potential capital partner for Australia’s largest milk farm, Van Diemen’s Land Company, has walked away from a deal. National Australia Bank has been trying to sell a stake in the company to fund managers.’

Read more at AFR.com (might need AFR login access)

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