Macadamias Australia sells orchards

Leading macadamia grower Macadamias Australia has sold a large portion of its assets to Canadian pension fund PSP Investments for reportedly more than A$100m (US$70m).

According to a report from the Australian Financial Review, PSP – through its local agribusiness venture Stahmann Webster– purchased 1,000ha of orchards and land and associated macadamia cracking, processing and

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