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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.
RESTAURANTS are preparing to open their doors after being given a potential reopening date by the government. Eateries in Bridport and the surrounding areas will be reopening in April and May following the staged reopening of the country laid out in the prime minister s roadmap last month. So long as coronavirus cases continue to fall, thee vaccination programme continuing with no disruption and no new coronavirus variants develop - restaurants with outdoor seating areas will be able to open from Monday, April 12, whilst indoor venues will be able to reopen from Monday, May 17. Rise in West Bay and Swim in Lyme Regis will both be opening their outdoor areas in April.