Transpacific acquires landfill site

Key pointsTPI acquires Melbourne's largest landfillConsistent with chief executive's strategyShare price down a further 5%; sticking with Under ReviewTranspacific’s share price has fallen a further 5% after announcing the acquisition of Melbourne’s largest landfill – the Melbourne Western Landfill – from Boral for $165m. The cost includes a $15m upgrade and Transpacifc will pay Boral a ‘fixed and volume based royalty payments amounting to approximately $15m per annum initially’.‘[I]nitially’ sounds a bit ominous, but the purchase is consistent with chief executive Bob Boucher's strategy and the amount of waste Transpacific processes at its own landfill sites in Melbourne will increase from...

Transpacific’s share price has fallen a further 5% after announcing the acquisition of Melbourne’s largest landfill – the Melbourne Western Landfill – from Boral for $165m. The cost includes a $15m upgrade and Transpacifc will pay Boral a ‘fixed and volume based royalty payments amounting to approximately $15m per annum initially’.

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