The $71.6bn pension is undertaking a multi-year strategy to replace infrastructure and natural resource equities with private investments.
The takeover values Angel Seafood at A$32.3m and represents a 60% premium to its last closing share price before the bid was announced.
AAM will develop the Keep Plains site and expand the Ord River Irrigation Scheme over the next several years.
Gina Rinehart’s agricultural business secured an ‘excellent outcome’ through the sale, which included two properties not part of the original divestment plan.
Natural resources managing director Christopher Metrakos positioned the deal as part of a broader effort to mitigate climate change that includes a 2050 net-zero target.
The purchase of Ottley in NSW diversifies the Packhorse Pastoral Company portfolio as it continues to raise capital for its inaugural fund.
The agtech company chose to acquire the soy processing business instead of building out its own infrastructure to secure a faster route to market.
Soil health services lead Nick Reinke says offering $2 per acre to producers implementing climate-smart practices for the first time is aimed at reducing risks of market entry for producers.
Managing director Mike LeSage says last month’s deal with Northwest Farms reflects the key role of cage-free egg production within the firm’s Sustainable Agriculture Fund strategy.
The investment in Geora takes Tenacious Ventures Fund I to 60% deployment, although the firm has made no decisions on a successor fund yet.