date:Aug 14, 2018
Australias best known honey brand, Capilano, is set to sell to a Chinese-Australian private equity group partnership for about $190 million.
The Brisbane-based former beekeeper co-operative, which listed its shares on the Australian Securities Exchange for about $2 each in 2012, will be sold for $20.06 a share if the deal is accepted by shareholders in November.
The takeover offer is led by former Prime Minister Kevin Rudds son-in-law, Albert Tse, whose $200m Wattle Hill private equity fund wa