Buderim Group to sell ginger division for $13 million

Food producer Buderim Group (BUG) has entered a binding agreement to sell its ginger and tourism business assets
The company will sell the assets to Queensland’s Himstedt family, for approximately $13 million in total consideration
Buderim Group is selling its ginger and tourism division in order to focus on its macadamia business and other opportunities
The two parties expect the transaction to complete on or around September 30, 2020
Buderim Group shares are trading flat today, priced at 23 cents each

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