Timber assets of collapsed company Gunns sell for $330m

Timber assets of collapsed company Gunns sell for $330m

ABC A Sydney-based forestry investment company has bought the timber assets of collapsed Tasmanian company Gunns for $330 million. The ABC understands New Forests has bought the timber business, which includes Gunns' plantations and access to the port in Burnie. Six companies from the Australia, the UK, US and Asia were among the final bidders for Gunns' assets. It is expected the receivers wil…

Australian Markets

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Company Finances

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