Clayton Utz advised Vietnamese-owned Clean Agriculture and International Tourism (CAIT) on its acquisition of three cattle stations from private cattle producer Consolidated Pastoral Company.
The stations span more than 740,000 hectares of land and include more than 50,000 head of cattle. CAIT plans to diversify the stations, which have been mainly used for breeding and growing cattle, into high-value cropping and other non-pastoral use.
The Clayton Utz team was headed by partner Margie Michaels, who was supported by special counsel Scott Girdler, senior associate Tatiane Kelly and lawyer Lauren Evans.