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issue 96 | 05.10.09 | Page 1
Knock-down closer
This Issue
Hunt for buyers gains momentum as asset team widens discussions
•W ild claims from the wilderness • House shifting for Queensland Forestry
By JIM BOWDEN
THE sale of Queensland’s 200,000 ha forest plantations estate – a state asset dispersal that has the support of the timber industry – is gaining momentum as the Government’s commercial transaction team negotiates with prospective buyers. A consortium comprising the Royal Bank of Scotland, Rothschild and Merrill Lynch is advising on the planned disposal of $15 billion in state-owned assets, including parts of both Queensland Rail and Queensland Motorways, and Forestry Plantations Queensland. Members of the assets sales team will be given a ‘hands-on’ view of plantation processing facilities in southeast Queensland on October 14 and 15 in a detailed inspection tour
AFI pushes for national N land management policy on bushfires • SA water policy threatens $1.2bn plantation industry • Windmill replica: a good turn for recycled timber • New technologies on show at ForestTECH 09 • $32m woochip mill officially opened at Myamyn, Vic
State asset sales team will get ‘hands-on’ view of plantation processing in southeast Queensland.
guided by Timber Queensland chief executive Rod McInnes. The commercial transaction group, based in Brisbane’s city centre at 200 Mary Street, is working closely with the timber industry and has started oneto-one meetings with FPQ
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customers. “Dialogue between industry and the asset sales team has been very positive,” Mr McInnes said. “We have expressed exactly what the issues are so there Cont Page 4
issue 96 | 05.10.09 | Page 1