Ravensdown confirms Australian sale

Last updated 12:11 16/12/2013

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Fertiliser co-operative Ravensdown has confirmed the sale of its western Australian operations has gone through as expected as part of its strategy to improve the business.

Ravensdown announced in July it was close to securing the sale.

Its entire western Australian operations, staff, assets and stock have been bought by Macrofertil Australia Pty,  a 100 per cent-owned subsidiary of Louis Dreyfus Commodities.

Financial details of the transaction have not been made public.

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