Duxton Water sells water entitlements to Australian government for $121.3 million

STIRLING: Duxton Water announced Thursday it has agreed to sell 30,614 megalitres of water entitlements to the Australian Federal Government for approximately $121.3 million. The sale is part of a government initiative to enhance environmental water flows in the Murray-Darling Basin. The transaction, conducted at a premium to Duxton Water’s current net asset value, includes high…