Olam Orchards sells permanent water rights in Australia for A$490mn
SINGAPORE: Olam Orchards Australia has announced sale of permanent water rights in Australia to PSP Investments, one of Canada’s largest pension investment managers, for A$490 million. Olam Orchards is a subsidiary of global food and agri-business, Olam International Limited. Olam Orchards Australia (OOA) entered into an agreement to sell 89,085 megalitres of its permanent water…