Rural Funds Group agreement for the sale of Poultry Assets and acquisition of WA cattle properties

  • Oct 28, 2019 AEDT
  • Team Kalkine

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.

 

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