Monday, May 6, 2013

Cargill Hedge Fund Buying Australian Land & Logistics Co., BFB Group

The Australian's are starting to get crabby about foreigners buying their farmland although this one seemed to pass without conmment.
From Australia's Financial Review:

A HEDGE fund run by an arm of the world's largest agriculture company, Cargill, has increased its stake in the unlisted agricultural company BFB Group, which has reported another solid full-year profit.


The fund, Black River Asset Management, increased its stake in the $186 million unlisted agricultural land and logistics company by more than $11 million, signalling that profitable Australian agriculture is still on the radar for the world's biggest fund ­managers.


BFB, which purchased the prized Billabong Station in the Eurongilly Valley, east of Wagga Wagga, NSW, last year, reported a $3.7 million profit for 2012....MUCH MORE