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CBH agrees sale of Newcastle Agri-Terminal share

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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/

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