Rural Funds Management Limited (“RFM”), as responsible entity and manager of Rural Funds Group (ASX: RFF), is pleased to announce that it has entered into conditional agreements with JBS Australia (“JBS”), Australia’s largest lot feeder and cattle processor.
As part of these agreements, RFF will acquire JBS-owned Australian feedlots (“Feedlots”) located in Queensland and New South Wales for $52.7 million. The facilities have a combined capacity of 150,000 Standard Cattle Units which represents approximately 15% of Australia’s lot fed cattle capability.
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