CPC officially on the market | Video

It's official: CPC on the market

Property
ON THE MARKET: CPC has 16 properties spread over 5.5 million hectares.

ON THE MARKET: CPC has 16 properties spread over 5.5 million hectares.

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Consolidated Pastoral Company is officially on the market.

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SALE plans for major pastoral business Consolidated Pastoral Company (CPC) have been confirmed, with the beef business now advertised for sale.

UK private equity firm, Terra Firma, which bought CPC in 2009, is selling its northern Australian and Indonesian cattle operations which span 16 properties over 5.5 million hectares.

The business is being offered for sale as a whole or in parts through property agency Knight Frank and investment banking giant Goldman Sachs.

Consolidated Pastoral Company's corporate video.

CPC, with an asset base worth about $880.5m, including about 400,000 head, is Australia’s largest privately-owned cattle enterprise. It also has an 80 per cent stake in two feedlots in Indonesia, in South and North Sumatera, with capacity to handle about 36,000 cattle

Last year CPC exported about 25,500 live cattle to Indonesia.

CPC reported almost $50m in earnings before interest, tax, depreciation and amortisation last financial year.

A recent marketing roadshow highlighted by Terra Firma’s nine-year ownership of the CPC business and its preparedness to consider strategic options given the current strong demand for high quality pastoral assets and proximity to growing markets in Asia.

The story CPC officially on the market | Video first appeared on Queensland Country Life.

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