May 26 (Reuters) - Murray River Organics Pty Ltd (MRG) :
- ENTERED MOU TO DIVEST ITS DRIED VINE FRUIT MOURQOUNG PROCESSING FACILITY & WARGAN, MERBEIN FARM
- TRANSACTION INCLUDES SECURING 10-YEAR PROCESSING AGREEMENT FOR MRGS OWN AND THIRD PARTY GROWN FRUIT
- DIVESTMENT FOR $7.75 MILLION
- AN OFF-TAKE AGREEMENT FOR WARGAN FARM HAS ALSO BEEN AGREED
- FY21 HARVEST RESULTED IN YIELD IMPROVEMENT ON PRIOR YEAR, NUT OVERALL TONNAGE DOWN 500 T ON ORIGINAL EXPECTATIONS
- EXPECTS TO ANNOUNCE FURTHER ASSET SALES DURING FY22
