One of the country’s biggest milk producers – backed by the Rich Lister Perich family and China’s New Hope Group – has sold one of its major farms in Victoria’s north for close to $55 million.
Chinese agribusiness giant, New Hope Group, has moved to buy itself a comfortable majority share of the big Australian Fresh Milk Holdings dairy farming business.
Chinese investment in Australian agriculture is usually a magnet for controversy, but one Chinese company has remained immune from criticism, with plans to invest $1 billion by the end of the decade.
China's New Hope is accelerate overseas acquisitions in a bid to become a top supplier of meat and is raising $450 million through Hosen Capital, which counts Temasek and Mitsui as founding investors.
Chinese investors increasingly explore a new natural-resource boom in Australia: agriculture, pouring in 632 million Australian dollars ($450 million), almost twice as much as the year before.
New Hope Group announced last year it would invest $500m into Australian agribusiness, and its chairman Liu Yonghao revealed majority of the fund would support New Hope Dairy’s projects in Australia.
China's largest privately owned agribusiness company and the Perich family from Sydney are looking to buy a $100 million dairy in western New South Wales.
Chinese giant New Hope will invest up to $500 million in Australian dairy farms in what could be the first of many deals fuelled by the historic China-Australia free trade agreement.
Blackstone Group LP and China agribusiness company New Hope Group are through to the final round of bidding for Australia's largest poultry producer Inghams Enterprises, a deal that could be worth as much as A$1.4 billion
China's biggest manufacturer of animal feed and Japan's biggest grain trader sign a letter of intent to expand in Africa, the Middle East, Eastern Europe and South America.
China's largest animal feed producer will launch an overseas fund this month with international investors, including Singapore's Temasek Holdings, that will set up farms in the Middle East, South Africa and central Europe.
New Zealand’s relative isolation and high-priced property means the nation has missed out on a global grab for land, especially farms, despite rising public disquiet about such sales, the New Zealand Institute of Economic Research says.
