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Boundary Bend Completes Purchase of Timbercorp

Boundary Bend Completes Purchase of Timbercorp

Boundary Bend Limited, Australia’s leading vertically integrated olive company, has successfully settled on the $59.5million purchase of the Timbercorp olive assets at Boort and Boundary Bend with Timbercorp Liquidator, KordaMentha.

The assets purchased by Boundary Bend Limited include over 6,012 hectares of olive groves at Boort and Boundary Bend; 26,170 megalitres of permanent water rights on the Murray and Goulburn systems; an olive processing facility located at Boort; various items of plant and equipment and Timbercorp’s 6,817,220 ordinary shares held in Boundary Bend Limited. Following settlement, the 6,817,220 ordinary shares were cancelled.

BBL completes Purchase of Timbercorp Olive Assets