Australia's Costa Group backs Paine Schwartz's $963 mln buyout offer

Costa group

21/09/2023 23:46

Sept 22 (Reuters) - Costa Group Holdings  CGC.AX  said
on Friday it has entered an agreement to be bought out by a
consortium led by private equity firm Paine Schwartz Partners in
a deal which values the horticulture company at A$1.50 billion
($962.6 million).

 ($1 = 1.5584 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Shounak
Dasgupta)
 ((Himanshi.Akhand@thomsonreuters.com))