Agriculture & Natural Solutions Acquisition Corporation announced agreement for a business combination with the iconic Australian Food & Agriculture Company Limited, one of the largest diversified agricultural portfolios in New South Wales
In recent years, Gulf economies have tackled their food dependencies not just by importing foodstuffs but through land enclosures, or the purchasing of agricultural land abroad, particularly in the Middle East, North and East Africa (but also as far as the United States and Australia)
Privately-owned Australian Food & Agriculture Company has sold its 13 New South Wales farms spanning 225,405 ha to NASDAQ-listed Agriculture & Natural Solutions Acquisition Corporation for $780 million.
Amr Abdel Wahab, chairperson and managing director of the Egyptian Countryside Development Company, signed an investment contract with Al Magd Group for a 29,000-feddan area for the large-scale cultivation of oil seed crops
The Liberian Investigator has confirmed that the Socfin Group has sold the Salala Rubber plantation to Jeety Rubber following weeks of violent protests at the company’s facilities and years of serious criticism from Green Advocates and international rights groups for reportedly causing significant harm to local communities, including land grabbing, environmental degradation, and human rights abuses.
Kenya has revealed plans to lease large tracts of land to Israeli investors for wheat production, marking a renewed agricultural venture after an earlier Israeli-led maize project at the Galana-Kulalu irrigation scheme failed.
The CSSF has put an end to a year-long dispute between small shareholders and Socfin's main shareholders, the Fabri family and French billionaire Vincent Bolloré: the 689,337 shares they not control between them will be bought back at €32.50 per share. This will take Socfin off the stock market at a time when it is the target of fierce criticism from a major Norwegian pension fund. It was also the end of an era for the Luxembourg Stock Exchange.
The Federal High Court in Abuja has issued an order restraining the Nasarawa State government and security agencies from arresting farmers or interfering with their rights, pending the resolution of a legal dispute over the alleged forcible seizure of 10,000 hectares of farmland.
New York-based hedge fund Water Asset Management LLC spent $100 million to buy farmland and water rights in Western Arizona, stirring concerns about a future “water grab” from that rural area and of corporate control over a major groundwater source.
The Olubadan of Ibadanland, Oba Owolabi Akinloye Olakulehin Ige Olakulehin 1 has said Ibadan has told investors that the city has arable land suitable for agricultural production.
Swedish pension fund Forsta AP-fonden is downsizing its Australian farmland holdings after listing about $50 million of cropping properties in Western Australia’s Great Southern region.
Food companies, especially food exporting firms, are hoping that they can benefit from a recent regulation that paves the way for the Agriculture and Forestry Ministry to lease out agricultural lands that are not cultivated for two consecutive years.
