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Cobram Estate olive oil-owner cooks up $500 million float plans
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The countryâs largest olive grower Boundary Bend is oiling up its corporate machinery for a run at the ASX boards.
Street Talk understands Boundary Bend â which is also Australiaâs biggest extra virgin olive oil producer â has hired stockbrokers Bell Potter, Ord Minnett and Morgans to oversee an initial public offering likely to value it at more than $500 million.
Boundary Bend co-founder Robert McGavin.Â
Eddie Jim
Sources said the company and its advisers, which also include law firm DLA Piper, were aiming for a deal in the second half of this year. Early discussions indicated they would seek to raise $100 million to $150 million for the IPO.