Elders Completes Killara Feedlot Divestment
Key points
- Killara Feedlot divestment completed
- Proceeds to reduce net debt
- Australian Meat Group new owner
Full summary
Elders Limited (ASX:ELD) has successfully completed the divestment of Killara Feedlot Pty Ltd to Australian Meat Group Pty Ltd. The sale was executed as previously disclosed, with Elders intending to utilize the proceeds from the sale to reduce its net debt. The transaction marks a strategic move by Elders to streamline its operations and optimize its financial structure.
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