CBH agrees sale of Newcastle Agri-Terminal share
Published by Sarah Smith,
Assistant Editor
Dry Bulk,
CBH has confirmed it has entered into a binding agreement with a subsidiary of Qube Holdings Limited to sell its 18.9% share in the Newcastle Agri-Terminal (NAT).
CBH has confirmed it has entered into a binding agreement with a subsidiary of Qube Holdings Limited to sell its 18.9% share in the Newcastle Agri-Terminal (NAT).
CBH co-invested in NAT in 2009, with the terminal officially commissioned in 2014, to complement the supply and quality of grain available from the co-operative to international customers.
Subject to agreement conditions being satisfied, CBH’s portion of proceeds from the sale will be finalised on 30 September 2021.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/17092021/cbh-agrees-sale-of-newcastle-agri-terminal-share/
You might also like
NORDEN inks logistics project in Australia
NORDEN has signed its first port logistics project in Australia with existing dry cargo freight customer, the Australian developer and operator of iron ore mining projects, Kimberley Metals Group (KMG), further expanding the partnership.