One of the country’s biggest agricultural landholders is set to hit the auction block after Macquarie Asset Management told investors it would take its Paraway Pastoral Company to market after 17 years of ownership.
Paraway Pastoral has more than 450,000 head of sheep and cattle across 4.4 million hectares and is wholly owned by Macquarie Agricultural Funds Management. The fund told investors in a note circulated on Monday that it would sell the business after a strategic review and consultations.
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