QIC acquires 80% stake in beefmaker North Australian Pastoral Company
Australian investment manager QIC agreed to acquire an 80 percent interest in the North Australian Pastoral Company, a producer of beef. Sellers were the company's largest shareholder, the Foster family, and UK-listed MP Evans. The Foster family will retain an interest of approximately 20 percent, while QIC-advised funds including Australian supperannuation capital and the UK-based Pension Protection Fund will hold the remainder. Advising QIC were Deloitte Corporate, PricewaterhouseCoopers and McCullough Robertson.
6 May 2016•5 mins read
