Canada’s $724 million move on the walnut, almond and cotton business, headed by waterfront wealth creator of legend Chris Corrigan, arrives at a good time and not just because it marks a classic counter-cyclical play by one of the world’s most acute sovereign wealth funds.
As coincidence would have it, Corrigan just happened to be in Sydney when the invitingly rich bid for Webster Limited by the investment arm of Canada’s Public Sector Pension Investment Board, hit the screens.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
