Friday, 2 July 2010

Minto. $20 million paid for half share

Listed infrastructure and stevedoring company Qube Logistics has paid $20 million to acquire a half share in Minto Properties, from Toll Holdings. The company has undertaken a preliminary feasibility study which has indicated there is future potential to develop the 29-hectare site at Minto. This site would complement another facility being planned for development by Qube and its partners at Moorebank, The Australian Financial Review reported.



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