As a responsible entity for the Rural Funds Group (ASX: RFF), Rural Funds Management Limited (RFM) enters into agreements for the sale of its poultry assets to ProTen Investment Management Pty Ltd as trustee for ProTen Investment Trust (ProTen) for a consideration of $72 million, subject to certain conditions.
Funds realised from the sale shall be used
- To initially repay debt; and
- Investment in natural resource predominant assets.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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