One of the country’s biggest agricultural landholders is set to hit the auction block after Macquarie Asset Management told investors it would take its Paraway Pastoral Company to market after 17 years of ownership.
Paraway Pastoral has more than 450,000 head of sheep and cattle across 4.4 million hectares and is wholly owned by Macquarie Agricultural Funds Management. The fund told investors in a note circulated on Monday that it would sell the business after a strategic review and consultations.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
