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6 Jun 2017, EF Realisation interim report.
Eastern Australian Irrigation Limited (EAI) owns two large farms in Queensland. Principal assets include water rights and the associated water storage infrastructure for irrigation.
EF Realisation owns 9.6% of EAI's equity. #Watergate
Eastern Australian Irrigation Limited (EAI) owns two large farms in Queensland. Principal assets include water rights and the associated water storage infrastructure for irrigation.
EF Realisation owns 9.6% of EAI's equity. #Watergate
2 Sep 2017, EF Realisation first capital distribution.
EF Realisation received about GBP2.4 million from Eastern Australian Irrigation Limited after it sold water entitlements to the Aust Govt, distributing a majority of the proceeds to its shareholders, including EF Realisation
EF Realisation received about GBP2.4 million from Eastern Australian Irrigation Limited after it sold water entitlements to the Aust Govt, distributing a majority of the proceeds to its shareholders, including EF Realisation
EF Realisation reported it owns 9.6% of Eastern Australian Irrigation's equity.
2.4 million pounds is 9.6% of 25 million pounds. (Around $45 million AUD)
Eastern Australian Agriculture isn't mentioned.
It seems ALL of $80 million taxpayer's paid went to the Cayman Islands.
2.4 million pounds is 9.6% of 25 million pounds. (Around $45 million AUD)
Eastern Australian Agriculture isn't mentioned.
It seems ALL of $80 million taxpayer's paid went to the Cayman Islands.
22 Jan 2018 EF Realisation annual report.
During the summer of 2017, Aust Govt authorities approached EAI with an offer to acquire some of its water entitlements. EAI was able to negotiate the price for the water entitlements to the highest level ever paid, and in August 2017..
During the summer of 2017, Aust Govt authorities approached EAI with an offer to acquire some of its water entitlements. EAI was able to negotiate the price for the water entitlements to the highest level ever paid, and in August 2017..
it completed the largest ever sale of water entitlements in the Murray Darling River Basin. ...
...EAI used the majority of the sale proceeds to return capital to its shareholders, and passed £2.5 million to EF Realisation. This represented a gain on that part of the EAI holding of £0.34 million or 16.0%. We comment below on the plans to dispose of EAI's farms....
8 Jun 2018, EF Realisation interim report.
In August 2017, Eastern Australian Irrigation (EAI) sold part of its water rights back to the Aust Govt. Once the farms are sold, EAI would go into voluntary liquidation and remit the proceeds to EAI shareholders.
#Watergate #auspol
In August 2017, Eastern Australian Irrigation (EAI) sold part of its water rights back to the Aust Govt. Once the farms are sold, EAI would go into voluntary liquidation and remit the proceeds to EAI shareholders.
#Watergate #auspol
