Rural Equities, Cushings build 17.6 percent stake in ASX-listed Tandou

Thu, 08 Aug 2013

By Paul McBeth Aug 9 (BusinessDesk) - Rural Equities and interests associated with the Cushing family have built up a 17.7 percent stake in ASX-listed agribusiness Tandou. The Hawkes Bay farming group controlled by the Cushings bought an 11 percent parcel in Tandou for $7.9 million at an average price of about 43 Australian cents, Rural Equities said in a statement to the Unlisted platform. The investment aims to piggyback on Tandou’s water rights, which Rural Equities sees as underpinning future Australian agricultural production. “The i...

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