date:Jul 28, 2014
The sale is in line with Elders program to divest in assets and reduce debt as the gross proceeds of the sale will go directly to debt reduction.
According to a statement issued to the ASX, the sale gives rise to a profit of approximately $3.95m, subject to post completion adjustments.
Elders chief executive Mark Allison said that the sale is in line with the company's new strategy.
The disposal of Charlton Feedlot, which is not core to Elders strategy, marks a further step towards our commit