Business
Macquarie’s MIRA bids for ASX-listed farm owner Vitalharvest – The Australian Financial Review
Macquarie Infrastructure and Real Assets had made a $1 a unit cash bid for ASX-listed agricultural land owner Vitalharvest Freehold Trust.
Vitalharvest owns one of the country’s biggest portfolios of berries and citrus farms, with land in NSW, South Australia and Tasmania, which is mostly leased to ASX-listed Costa Group.
The group listed in 2018 at $1 a unit and has performed dismally for investors. The stock fell below $1 on listing and has closed at or above that mark only a handful of times in the two years since.
Vitalharvest Freehold Trust unit price since listing. MIRA has made a $1 a unit offer to acquire the company. Iress
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