Singapore-based firm acquires 28.11% stake in AgriNurture
- Business World
- 02 January 2012
Cargill's hedge fund acquires major stake in company acquiring plantations in Mindanao, the Philippines to produce rice, corn, banana and vegetables.
Cargill's hedge fund acquires major stake in company acquiring plantations in Mindanao, the Philippines to produce rice, corn, banana and vegetables.
Black River Capital Partners Fund (Food) LP, a fund managed by the private equity arm of US agribusiness and trading giant Cargill, has offered to acquire 28.11 percent of Philippine fruit and vegetable grower AgriNurture Inc. for $30.4 million.
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Australians do realise the value of what is being sold, a land agent and rural property specialist said, "but their hands are tied because they can't raise the money".
Black River's investment pipeline includes a Chinese pork producer and distributor, a duck farming firm in northern China, a fish producer in Costa Rica and a frozen fish processor in Singapore.
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