Buderim Group to sell ginger division for $13 million

Buderim Ginger 585874265
  • 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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