PSP Investments partners in buy of Australia’s Bengerang
A joint venture that includes Public Service Pension Investment Board (PSP Investments) has agreed to acquire Bengerang Ltd, an owner and operator of agricultural land and water assets in Australia. The joint venture, called AFF JV, is buying the business from Webster Ltd for about A$132.7 million ($126.8 million). As part of the deal, PSP Investments will become the largest shareholder in Webster, an Australian agribusiness, acquiring a 19.15 percent stake and the right to a board seat. PSP Investments' partner in AFF JV is the holding company of Australia's Robinson family.
21 August 2018•5 mins read
