Brief: Midway To Sell Plantation Estate In Southwest Victoria For A$154.1 Mln

Midway

11/05/2022 23:37

May 12 (Reuters) - Midway Ltd  MWY.AX :
    * TO SELL ITS EXISTING 17,000 HECTARE PLANTATION ESTATE IN
SOUTH-WEST VICTORIA FOR A$154.1 MILLION
    * SPECIAL PURPOSE VEHICL ESTABLISHED BY UNIT OF MUNICH RE
COMMITTED TO INVEST ADDITIONAL A$200 MILLION FOR LAND PURCHASES
    * USE OF NET PROCEEDS WILL INCLUDE REDUCING BANK DEBT,
INVESTMENT
IN GROWTH INITIATIVES, RETURNS TO SHAREHOLDERS

Source text for Eikon:  ID:nASX3R80HV 
Further company coverage:  MWY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))