AIMCo agreed to buy Yeeda Group in Australia for $55M, pending approval from regulatory bodies.
Canada's Alberta Investment Management Corporation (AIMCo) agreed to buy Yeeda Group in Australia for $55M, including pastoral stations, cattle herds, and KMC abattoir. This deal provides certainty for the future of northern pastoral and beef processing infrastructure. The acquisition, pending approval from Foreign Investment Review Board and WA Pastoral Lands Board, follows AIMCo's previous investments in Australia's agriculture and timber sectors.
August 19, 2024
4 Articles