The US institution is also paying for TFC’s expertise to grow trees with a high survival rate and oil concentration; and TFC’s expertise to market the oil / hardwood.
The transaction provides a cash injection of $27m this FY. This will boost cash earnings for FY16 and might appease concerns of investors that ignore increased earnings resulting from increased valuation of the plantations.
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The US institution is also paying for TFC’s expertise to grow...
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Anthony Noble, MD & CEO
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