ABC

Timbercorp forestry assets sale finalised

ABC November 3, 2009, 7:24 am


Settlement">/>Settlement has gone through for the sale of the collapsed agribusiness Timbercorp's forestry assets.

In late September, the Victorian Supreme Court approved the sale of the firm's bluegum plantations to Australian Eucalypts for $345 million.

$200 million is set to go to investors.

The liquidator KordaMentha says the deal has now been settled.

Yahoo!7 News Preferences

Close

Select your state to see news for your area.