Tully Sugar Limited

Tully Sugar Limited

McCullough Robertson advised on the $129 million off-market bids for Tully Sugar Limited, by Chinese Government owned COFCO Limited, New York Stock Exchange listed Bunge Limited and Queensland based Mackay Sugar Limited.

This was a landmark agribusiness transaction for the Australian industry and raised important issues from a foreign ownership and Australian Competition and Consumer (ACCC) perspective. COFCO Limited was successful in their final bid.

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