AIMCo pursues diversified agriculture assets in Australia
The appetite of Canadian pension funds for sustainable and decarbonisation opportunities in Australian agriculture is growing, as the Alberta Investment Management Corporation secures a large-scale cattle breeding business.
The Alberta Investment Management Corporation (AIMCo) and its investment partner New Agriculture announced an agreement to acquire the Kimberley Cattle Portfolio last week, signifying the $124 billion Canadian pension fund’s continued pursuit of diversified agriculture assets.
The acquisition, which includes Yougawalla Pastoral Co and Argyle Cattle Co follows a public tender process, according to Jonathan Braams, infrastructure and renewable resources portfolio manager at AIMCo. A…
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