Australia's Futuris sells $67.4 mln stake in AACo
Published: 22 Feb 2009 19:21:48 PSTSYDNEY, Feb 23 (Reuters) - Futuris Corp Ltd (FCL.AX) has sold a further 14.99 percent stake in Australian Agricultural Co Ltd (AAC.AX) for A$67.4 million ($43.5 million), Futuris said in a statement on Monday.
The shares were sold to IFFCO Group at A$1.70 each, a 3 percent premium to AACo's last traded price on A$1.65.
IFFCO Group is a privately owned United Arab Emirates based business house. ($1=A$1.55) (Reporting by Denny Thomas;)
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