Qatar’s Hassad Food to merge Australian farm portfolio with Macquarie Group

Macquarie
The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray

Qatar’s Hassad Food, the agricultural arm of the country’s sovereign wealth fund, is merging its Australian farm portfolio with that of Macquarie Group.

The investments will be incorporated into the Macquarie Infrastructure and Real Assets (MIRA) agricultural portfolio, according to a statement on the state-run Qatar News Agency.

The transition of the “significant majority of farms to MIRA’s agricultural portfolio” is expected to be completed before the end of the month, the statement said.

Reuters