Canadians back takeover of $500m Auscott
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In one of the biggest agricultural deals of the year, Canada’s Public Sector Pension Investment Board (PSP) has partnered with the Robinson family’s Australian Food & Fibre to acquire cotton producer Auscott.
While the price paid for Auscott was not disclosed, the business and its assets – including 22,000 hectares of developed irrigation land in Central NSW and 143,000 megalitres of water entitlements – were taken to market in July last year with price expectations in excess of $500 million.
Auscott made profits of $94.5 million in the 2020 financial year.
Jacky Ghossein
PSP, which manages the pension savings of Canadian public servants and the Royal Canadian Mounted Police, has acquired more than $2 billion of agricultural investments in Australia, including taking over ASX-listed nuts and water group Webster Limited in 2019.
Death and funeral notices in Coventry - week commencing April 26
We re bidding a fond farewell to a number of Coventry residents
Updated
Christine Dyer
MalcEach week people across Coventry pay tribute to their loved ones in the pages of the Coventry Telegraph.
We have gathered the messages posted over the week commencing April 26 in one place here.
The messages are submitted by friends, family and loved ones as a way of saying goodbye to those they have lost.
These provide comfort to the nearest and dearest of those who have passed away.
You can also post your own announcements and notices to us through this website.
Crown Resorts has received $2.29m from the National Indigenous Australians Agency for employing 230 Indigenous workers for at least 26 weeks. Photograph: Speed Media/Rex/Shutterstock
Crown Resorts, the casino giant facing royal commissions in two states over allegations of facilitating money laundering and allowing junkets linked to organised crime to bring in high-rolling gamblers, is among big companies that received millions in federal government funding to employ Aboriginal people.
A $3.6m grant to Crown Resorts is one of several awarded to big corporations from the Indigenous Advancement Strategy (IAS), a $4.9bn fund set up in 2014 to alleviate Indigenous disadvantage.
Thirty-nine per cent of all current IAS grant funding – around $1.685bn – is being paid out to 589 non-Indigenous corporations, charities and organisations.
MP scores cool $850k for home at centre of court drama An MP has finally flogged off her forever home which has caused her so much anguish over the years.
Politics by Steven Wardill
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Subscriber only Keppel MP Brit look at moi Lauga has finally flogged off her forever home which has caused her so much anguish over the years. There s rumours in Rockhampton that the buyer is none other than former mayor Margaret Strelow, who got cranky after a Crime and Corruption Commission finding against her and quit, but that s yet to be confirmed. Keppel MP Brittany Lauga
CFMEU claims deals with Lendlease, Multiplex
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Nine builders, including top-tier contractors Lendlease, Multiplex and John Holland, have reached in-principle deals with the CFMEU on its controversial new industry agreement in NSW, according to the union.
The deals, which include high pay rises and strict rostered days off, threaten a blowout in construction costs, but at least three of the builders have denied the claims and accused the union of spreading misinformation.
The CFMEU claims it has reached agreement with a number of builders . Peter Braig
The Construction, Forestry, Maritime, Mining and Energy Union has distributed a list to subcontractors, naming for the first time the builders with which it said it had reached agreement.