Australasian fresh produce company set to sell and lease back Australian kiwifruit orchardsSeeka sold 100ha of kiwifruit orchardSeeka has announced the sale and lease back of approximately 100ha of its Australian kiwifruit orchard portfolio has been approved by the Australian Foreign Investment Review Board.Located at Bunbartha in Victoria’s Goulburn Valley, the orchard land will be sold for A$26.5m, with settlement scheduled for 15 December (2020).The funds from the sale will be used to continue the investment in Seeka’s Australian orchard portfolio and to reduce overall debt.Seeka, which is listed on New Zealand’s stock exchange (NZX), has advised shareholders that its current year earnings guidance is for a profit before tax of between NZ$15m and NZ$17m, up from the previous guidance of between NZ$9m and NZ$12m.“Seeka has concentrated on its core business operations
………………………………
