date:Dec 04, 2019
water rights will continue to be leased by Olam for 25 years as part of a new, tiered revenue sharing arrangement with PSP. The almond plantations were originally developed by Timbercorp in northern Victoria, but have been sold to PSP by Swiss-based private equity group, Schroder Adveq.
Last year, Adveq listed 20,000ha of almond trees and related assets managed by Olam for sale in the Robinvale area.
No details have been released about the price PSP paid for the land. Olam will pay PSP a shar