Victorian Government agribusiness lender Rural Finance Corporation will be bought by Bendigo and Adelaide Bank for $1.78 billion.May 5, 2014 11:00am
Victorian Government agribusiness lender Rural Finance Corporation will be bought by Bendigo and Adelaide Bank for $1.78
Treasurer Michael O’Brien said the asset sale was being made as part of a federal incentive to states to sell assets and fund new infrastructure.
The sale, expected to net a return of about $400
Funds from the sale would go towards building infrastructure in rural and regional Victoria, including the Murray Basin rail project, which will extend the rail line from Mildura to Geelong.
Under the deal, staff jobs will be guaranteed for three years.
Bendigo and Adelaide Bank said the purchase price was about $1.78
It said it would maintain the brand and its 11 locations across Victoria.
Bendigo and Adelaide Bank managing director Mike Hurst said Rural Finance would work with the bank’s existing specialist agricultural business, Rural Bank.
The Victorian Government has also said it will go ahead with a medium-term lease of the Port of Melbourne.
Community urged to back proposed Shepparton drug help facility, as site search continues.
In a tight tense affair, the Yarrawonga Pigeons have defeated the Wodonga Bulldogs by 28 points at the JC Lowe Oval in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
ECHUCA hospital’s Make Your Mark campaign has passed the $3 million mark.
LEITCHVILLE-GUNBOWER maintained an incredible 10-0 start to the Heathcote league season on Saturday with a crushing 18-goal win over Lockington-Bamawm United at Leitchville Oval.
Last quarter saves potential calamity
Seymour Lions score a close win against Echuca
Scores of local farmers and concerned community groups will travel to Barham today to protest the Murray Darling Basin Plan in front of key Senators and Members of Parliament.
District emergency services were on high alert on Sunday after a 35-year-old Craigieburn man went missing in the Knowsley State Forest.
Police are treating a fire at a Cobram East orchard as suspicious with an estimated damage bill of $40000.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
Individual district pricing will eventually be abolished in a proposed major structural change to Goulburn-Murray Water’s water pricing.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.