Aware Super, Roc calls in bankers at $1b No.1 chicken farmer ProTen
The $175 billion Aware Super has fattened up its chicken farming business ProTen to No.1 in the country over six years of ownership. Now, it has called in Macquarie Capital’s bankers to set the wheels in motion for a juicy payday.
Street Talk can reveal Aware and Sydney agribusiness investor Roc Partners have mandated MacCap to run a strategic review of ProTen’s capital structure. Sources said the immediate task at hand was to secure a refinance for ProTen, after which a sale process was slated to get under way. Of note, that’s precisely the course of events playing out at $4 billion bus group Kinetic.
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