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Macquarie splits Paraway Pastoral after failing to sell it for $2.5B, while Pace Farm sells for $1B amid high egg prices.
Macquarie Group is splitting Paraway Pastoral, a 4.48 million-hectare Australian grazing operation, into smaller parcels after failing to find a buyer for the entire $2.5 billion business.
The move follows struggles to attract interest despite Paraway’s 28 stations, 250,000 cattle, 200,000 sheep, and crop production.
Meanwhile, Pace Farm, a major egg producer, is being resold after its value tripled to $1 billion due to high egg prices from avian influenza.
Roc Partners, which owns Pace Farm and other agribusinesses, is divesting.
Hive and Wellness Australia, parent of honey brands including Capilano, is also seeking a buyer.
In aviation, Regional Express has a potential buyer in US firm Air T, though its pilot training arm remains in administration and excluded from the sale.
Macquarie divide a Paraway Pastoral después de no poder venderla por $ 2.5B, mientras que Pace Farm se vende por $ 1B en medio de altos precios de los huevos.