Macquarie Group puts together bid for Gunns assets

Friday 15 Feb 2013

The Macquarie Group, a financial and investment Company based in Sydney, Australia, is putting together a bid to take over failed forestry group Gunns of Launceston, Tasmania, according to a 7 Feb report by ABC Rural. Gunns was placed in voluntary administration on 25 Sept last year. Macquarie officials met with investors and farmer representatives involved in the Gunns Plantations Managed Investment Schemes to explore options for land that was leased to Gunns for timber plantations.

ABC Rural, Hobart, Tasmania

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