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July 23, 2011

Costa Group brings private equity on board

AGRICULTURE: Costa Group, Australia’s largest producer of fruit and vegetables, has agreed to sell half of itself to US private equity concern Paine & Partners.

The transaction, the terms of which weren’t disclosed, is expected to be finalised later this year and will see the two companies form a 50-50 owned company that will be led and operated by Costa’s current management, according to a joint statement yesterday.

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