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Astral disposes of 25% interest in Nutec
Astral Foods has successfully concluded the sale of 25% of its interest in the premix business‚ Nutec Southern Africa (Pty) Limited‚ to Cargill RSA (Pty) Limited for an amount of R61 million.
The decision to dispose of the interest was taken to allow Cargill's animal nutrition business to invest in the redevelopment of the Nutec facility‚ and simultaneously expand premix sales into African markets. As a result‚ Astral's remaining 25% interest will be in a larger speciality premix business.
Nutec Southern Africa (Pty) Limited manufactures and markets vitamin and mineral premixes for animal feed and distributes a wide range of feed additives‚ and commodity and speciality raw materials.
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.
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