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flag New Forests buys 50% of McPhee Beef Farms for over $150M, forming Benditi Pastoral Company.

flag Global fund manager New Forests acquired a 50% stake in McPhee Beef Farms, a major Australian cattle operation, for over $150 million. flag The deal, subject to Foreign Investment Review Board approval, will create Benditi Pastoral Company. flag The McPhee family retains the other 50% and will manage operations for at least three years. flag This is New Forests' fourth Australian investment through its ANZLAFF fund.

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