Kalliope Gourntis
The 14 berry and citrus farms could fetch as much as A$300 million, according to Kidder Williams, the agricultural corporate advisory firm executing the sale.
The country's 177,000 businesses in the food and agribusiness sector is to identify new products, services and business models, according to CSIRO.
By acquiring the impact investment manager, Mirova intends to create a European platform dedicated to natural capital investing.
The bank is adding another £100m to the vehicle it launched last July to support farmers operating in a volatile market by enabling them to invest in their businesses.
The Albanian subsidiary of Italian bank Intesa Sanpaolo and Romanian bank Raiffeisen are the latest to join the scheme.
The deal comes one year after CITIC Agri Fund Management was established together with Yuan Longping High-Tech Agriculture and two other listed agricultural companies.
Bo Masole and Zee de Gersigny, co-founders of Victus Global Capital, talk to Agri Investor about their vision behind the impact investment firm and the $50m agri fund they’re raising.
While the drop is significant, production is expected to remain close to average levels in 2017-18 given that last year was a record-breaking season.
The Africa-focused investor has completed the acquisition of the Danish sawn timber producer as it moves to scale up its agri and forestry exposure.
The transaction marks the first exit for the firm’s Agri-Vie Fund I, which invested $4 million in the South African company in 2009.