Midway Limited signs an agreement to sell its existing 17,000 hectare plantation estate in south-west Victoria with MEAG, a wholly owned subsidiary of Munich Re
- MEAG has established a special purpose vehicle (SPV) for a client.
- The SPV will acquire the existing 17,000 hectare plantation estate from Midway for A$154.1 million.
- The SPV has also committed to invest an additional A$200 million for land purchases for the development of new hardwood plantations in southwest Victoria.
