Interest Builds in Australian Agricultural Companies.

By Kenneth Robson on October 20, 2013 • ( 0 )

The Bahamas (Photo credit: Wikipedia)

British Billionaire, and Forex trader Mr Joseph Lewis who now lives in the Bahamas, has established a trust known as the AA Trust which has a holding entitling him now to 19.9% of the vote, in Australian Agricultural Company.

Mr Lewis the principal investor in the International corporation Tavistock Limited, sprang to frame in 1992 when he joined with George Soros to make a most profitable assault on the value of the English Pound.

AACo has just concluded a successful non-renounceable rights issue at $1 /share, to raise capital for expansion of its Australian beef business.

http://tenbagsfull.com.au/aac/announcement/2013/10/17/change-in-substantial-holding/1223240#impact-1057324L

The Australian agricultural sector has been in the limelight of late with :

A bid for Graincorp by US agricultural giant Archer, Daniels, Midland, that is awaiting approval from Treasurer Joe Hockey – to be announced by December 17, 2013.
Rejected bids by Bega Cheese, Murray Goulbourn, and Canada’s Saputo, for Warrnambool Cheese & Butter. in just 6 weeks WCB’s share-price has jumped from $4.50 to $7.89 at close this week.
Joseph Lewis Family (Photo credit: Tipton Genealogy)