Chris Corrigan backs olive oil group's overseas expansion

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Best known for busting up the clubby world of stockbroking and then taking on the wharfies, one of the country’s richest businessmen, Chris Corrigan, is stepping up his exposure to the agricultural sector, emerging as a key financier of the offshore push by the largest local olive oil group, Boundary Bend.

Boundary Bend is finalising a raising of up to an estimated $10 million, with Corrigan believed to be stumping up about half the total.

Mr Corrigan has established an extensive spread of investments in the agricultural sector over the past several years.

These are known to include a 17.7 per cent stake in the Tasmanian-based walnut and onions group Websters and about 5 per cent of Australian Agricultural Co via Kaplan Equity, as well a direct interest in the cotton growing sector.

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