date:Feb 12, 2019
unt of AUD 60 million (US$42.5 million) for the 70 percent stake in the share capital. Mackay Sugar is also to receive an additional shareholder loan of up to AUD 60 million (US$42.5 million).
The equity and debt capital contribution will be used for maintenance and capital expenditures to increase the availability of the three remaining plants with an annual production capacity of around 700,000 tons of sugar over the next few years.
Investment in cane sugar improves competitiveness
The grow