Bega Cheese (ASX:BGA) plans potential sale & leaseback on its vegemite site

Company News

by Lauren Evans

Bega Cheese (ASX:BGA) has launched an expression of interest for the sale and leaseback of its property at 1 Vegemite Way, Port Melbourne.

The property is where Bega Cheese manufactures vegemite, peanut butter and other products, around 5 kilometres from the Melbourne CBD. The proposal would enable the company to continue manufacturing Vegemite and other products at the site under a long term lease arrangement.

Bega Cheese is being advised by Colliers and Addisons in relation to the potential sale and leaseback, and will provide further details to the market if the proposal progresses.

Shares in Bega Cheese (ASX:BGA) last traded at $4.67 yesterday. 
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.