Forestry SA asset bids due

Final bids for South Australia's forestry assets are due Tuesday of next week, with offers expected from The Future Fund-backed The Campbell Group and US-based Hancock Natural Resource Group. There has been some movement in the $700 million process recently, with Global Forest Partners understood to be considering its position while Canada's Brookfield Asset Management is understood to have withdrawn, The Australian Financial Review reports. UBS is advising the cash-strapped state which is looking to sell the cutting rights for three harvests in the Green Triangle, regarded as one of the best softwood-growing areas in the region. Source: Stock Journal

Return to Newsletter

Share |