KKR has put sandalwood company Santanol Group on the market in the latest twist for the plantation industry based in northern Australia.
Santanol Group owns about 2000 hectares of plantations with more than 560,000 sandalwood trees in Western Australia and Queensland.
Grant Samuel is advising on the sale of 100 per cent of Santanol Group in a move which comes after KKR reached a peace deal in a legal dispute with the minority shareholders who founded the company.
The Santanol Group is being marketed as a vertically integrated producer of Indian sandalwood oil and timber for the global fine fragrance, cosmetics, aromatherapy and traditional markets.
It expects to materially increase output as plantations mature.
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Read the full article at: http://www.afr.com/business/kkr-puts-sandalwood-asset-santanol-on-the-chopping-block-20180513-h1000h