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Hot Topic Budget 25
Hot Topic Budget 25
Australia
1 mins to read

MCo invests $160m in Trans-Tasman logistics JV

The deal with ASX-listed Pact creates a new company with existing contracts with leading grocery chains.

Morrison & Co's Mark Mudie.

Wellington-based Morrison & Co has continued its investment in the logistics sector with the $160 million cash acquisition of a stake in a trans-Tasman crate pooling business.

The deal is through the Morrison Growth Infrastructure Fund (MGIF) and will see the fund buy 50% of the business from

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Lachlan Colquhoun Wed, 16 Aug 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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MCo invests $160m in Trans-Tasman logistics JV
Australia,
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