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Vitalharvest (ASX:VTH) share price rises on Macquarie acceptance
Lucas Radbourne | May 11, 2021 4:12pm |
More on: Image source: Getty Images
Vitalharvest Freehold Trust(ASX: VTH) shares were on the rise today. By the market’s close, the Vitalharvest share price was trading 2.38% higher at $1.29. This came after the company announced it has accepted the latest buyout offer from
Macquarie Group Ltd(ASX: MQG) subsidiary Macquarie Agricultural Funds Management.
Vitalharvest is an investment trust. The company’s objective is to provide unitholders with exposure to real agricultural property assets with earnings profiles exposed to the growing global demand for nutritious, healthy food.
Primewest boosts rural fund with $40m in deals as IPO beckons
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ASX-listed fund manager Primewest has struck deals on $40 million of vineyards and orchards in South Australia and Victoria, in a significant boost for an unlisted portfolio it hopes to float this year.
The swag of deals includes the Piscioneri Vineyards and Citrus Plantation in Mildura and the Rullo Orchards in Shepparton. Together with acquisition of the Rolf Binder Winery and Vineyards in South Australiaâs Barossa Valley, the three properties expand Primewest Agricultural Trust No. 1 to $86 million in assets.
David Schwartz is leading Primewest s expansion into the agricultural sector.Â
Why the Vitalharvest (ASX:VTH) share price is on watch next week fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.