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Elders announces decision on participation in FEA capital raising
In a move that is consistent with Agenda for Change and reaffirms support of ITC Limited, Elders has announced that it will not be participating in the capital raising announced by Forest Enterprises Australia (FEA) on 16 September 2009 (FEA Capital Raising). Elders will continue with its focus on core assets and a bias to owner operator models for key assets.
ITC currently hold a 31.1% equity interest in FEA, ITC is wholly owned by Elders Limited.
Read the ASX announcement
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