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Belgian-Based Finasucre Looking to Expand Bundaberg Land Holding

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Written by Marc Pallisco   
Saturday, 16 July 2011 00:00

FINASUCRE, from Belgium, is looking to expand its Queensland land bank.

The company has been operating in Queensland for 10 years and has amassed 11,000 hectares of land.

“There are properties of around 200 hectares that we’d like to buy in the next few months,” Finasucre Investments Australia managing director Jerome Lippens told the AFR. It’s looking around the Bundaberg area.

Mr Lippens said land acquisition looks attractive especially because companies like Timbertop are out of business.

Takeover attempts on Tully Sugar have recently been made by the Chinese government’s COFCO, New York based Bunge and Mackay Sugar.

Growth Farms Australia have also recently purchased sugar cane land in the past six months.