Zeder agrees to buy Capespan for R285m

17th April 2013

By: Idéle Esterhuizen

  

Font size: - +

Investment company Zeder, through its wholly owned subsidiary Zeder Financial Services, on Wednesday said it had reached an agreement to acquire the entire shareholding held by Total Produce in global fruit procurement company Capespan Group for R258-million.

The amount was to be paid in cash by Zeder on April 23, which was also the effective date of the transfer to it of 226.81-million ordinary shares in Capespan. This would result in Zeder owning about 71.1% of Capespan’s total issued ordinary share capital net of treasury shares.

Zeder stated that the acquisition of Capespan, which is South Africa’s biggest fruit exporter, would enable it to grow its holdings in line with its strategy of mainly investing in food, beverage and agricultural companies.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION