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.