ProTen is listed among Aware Super’s infrastructure portfolio disclosures with a valuation of between $500 million to $1 billion.
The $165 billion-plus Aware Super has fattened up its chicken farming business ProTen over six years of ownership. Now, it has called in Macquarie Capital’s bankers to set the wheels in motion for a juicy payday.
Street Talk can reveal Aware and Sydney agribusiness investor Roc Partners have mandated Macquarie to run a strategic review of ProTen’s capital structure. Sources said the immediate task at hand was to secure a refinancing for ProTen, after which a sale process was slated to get under way. Of note, that’s precisely the course of events playing out at $4 billion bus group Kinetic.
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