Listed

Argyle Group will become a pure-play water rights investment manager under the Regal banner, sitting alongside Kitler Rural and Merricks Capital.

Costa Group chairman Neil Chatfield said the deal is in the best interests of shareholders, despite Paine Schwartz having reduced its offer from A$1.6bn.

Sustainable Development Acquisition Corporation faced an August 12 deadline to complete a merger in its target sectors of water, food and agriculture, renewable energy and resource management.

Glencore’s merger with Bunge brings CPPIB and BCI into the evolving quartet at the heart of global ag trade, albeit in a less direct form than if it had succeeded in creating a true rival.

Paul Pittman says it’s not a fire sale, but the company does aim to boost its stock price in public markets that undervalue the appreciation potential of FPI’s 165k-acre farmland portfolio.

Perella Weinberg Partners has been appointed to find a US investor to take a 25% stake in NZ Rural Land Company’s existing portfolio.

Chief executive Lionel Kambeitz says Above Foods will look to partner with large-scale regenerative operations developed in Saskatchewan, amid regional restrictions on institutional farmland investment.

The British firm has previously invested in food and beverage businesses such as Quorn and Vibrant Foods, which is made up of brands such as TRS, East End Foods and Fudco.

Project Sea Dragon, which was being developed by Seafarms Group on land leased from AAM Investment Group, has been placed into administration following a construction dispute.

Managed by US-based asset manager International Farming, SFT could become the first farmland-focused investment trust listed on the London Stock Exchange.