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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