MWY midway limited
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News: MWY Midway To Sell Plantation Estate In Southwest Victoria For A$154.1 Mln

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    12/05/22
    08:40
    Post #: 61357177

    May 12 (Reuters) - Midway Ltd (MWY) :

    • TO SELL ITS EXISTING 17,000 HECTARE PLANTATION ESTATE IN SOUTH-WEST VICTORIA FOR A$154.1 MILLION
    • SPECIAL PURPOSE VEHICL ESTABLISHED BY UNIT OF MUNICH RE COMMITTED TO INVEST ADDITIONAL A$200 MILLION FOR LAND PURCHASES
    • USE OF NET PROCEEDS WILL INCLUDE REDUCING BANK DEBT, INVESTMENT IN GROWTH INITIATIVES, RETURNS TO SHAREHOLDERS
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