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Zeder buys larger stake in Capespan
Following the purchase‚ Zeder will hold 226.8 million ordinary shares in Capespan‚ equivalent to 71.1% of the company's total issued share capital net of treasury shares.
Capespan is a global fruit procurement company and is South Africa's biggest fruit exporter.
Zeder is an investment holding company that mainly invests in food‚ beverages and agricultural companies‚ where it believes it can directly or indirectly add value. The purchase allows Zeder to increase its holding in line with its strategy.
The acquisition is not subject to any conditions.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za