Agriculture & Natural Solutions Acquires AFA in AUD$780 Million Deal

Author

Slice of Agriculture Team
September 03, 2024

Key Highlights:

  • ANSC enters a definitive agreement to acquire AFA, valuing it at AUD$780 million.

  • The combined entity, NewCo, will be listed on NYSE under the ticker AFAE.

  • AFA's diversified portfolio includes 550,000 acres of land and 45,000 acre-feet of water entitlements.

Source (PR Newswire)

Notable Quotes:

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"We have always believed that agriculture—backed by the right sort of capital—could deliver nature and climate solutions. ANSC is proud to enter into a business combination with AFA and looks to establish it as a leader in this regenerative transition not just in Australia, but across the world."

Bert Glover, CEO at ANSC
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"We are thrilled to have this opportunity for ANSC to combine with AFA. We view Australia as a leader in the application of new techniques to meaningfully decarbonize agriculture."

David Leuschen, Chairman at ANSC

Our Take:

This business combination marks a significant milestone in the agricultural sector, highlighting the growing importance of sustainability and decarbonization. With AFA’s substantial land and water assets, coupled with ANSC’s expertise in low-carbon investments, NewCo is poised to become a leader in regenerative agriculture and premium agricultural products. The expected listing on the NYSE further emphasizes the global ambition of this venture, positioning it well to capitalize on the increasing demand for sustainable agricultural solutions.