UK’s Lonrho gets buyout offer

Lonrho Plc, which operates farms and claims land concessions in several African countries, said it received a £174.5 million buyout offer from a company controlled by Swiss billionaire Thomas Schmidheiny and investor Rainer-Marc Frey.

Into Africa

While sovereign wealth funds have been buying up tracts of land, AgriTerra has been taking a different tack.

Lonrho secures rice land deal in Angola

Lonrho, the pan-African conglomerate listed in London, has secured leasehold rights to 25,000 hectares of rice paddies in Angola and is negotiating two bigger land deals in Mali and Malawi, in another sign of investor appetite for African land.