Rural Funds Management Limited ("RFM"), the responsible entity and manager of Rural Funds Group ("RFF"), is pleased to announce that it has negotiated a transaction involving:
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the acquisition of JBS Australia's ("JBS") five Australian feedlots and associated cropping land for $52.7 million including stamp duty ("Feedlots”) and
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the provision of a $75.0 million limited guarantee ("Guarantee") to J&F Australia Pty Ltd ("J&F") that will enable JBS to replace an existing arrangement for the supply of cattle for its grainfed business.
The Feedlots and Guarantee reflect a total investment by RFF of $127.7 million ("JBS Agreements").
Webinar details
RFM Managing Director, David Bryant will host a webinar to detail the Entitlement Offer and transaction overview at 11.00am AEST, Thursday, 12 July 2018.
For further information please download PDF attached:
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