Gunns Sells Portland Woodchip Export Facility to Australian Bluegum Plantations

July 16, 2012 (Press Release) - Gunns Limited has executed an agreement with Australian Bluegum Plantations Pty Ltd for the sale of the Portland [Victoria, Australia] woodchip export facility.

Completion of the transaction is subject to customary conditions including regulatory approvals.

The sale value of the transaction is $61.8m.

The transaction provides a tolling arrangement for future access by Gunns to the facility for sale of forest products under its management in the Green Triangle region.

SOURCE: Gunns Limited