National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

Afgri‚ Senwes to merge retail businesses

July 31 2012 at 12:37pm

Comment on this story

CorporateBusiness

Agricultural groups Afgri (AFR) and Senwes have agreed to merge their respective agricultural retail businesses‚ as well as the Partrite business of Afgri‚ in a deal the companies said aimed to optimise efficiencies by means of building economies of scale and diversifying business operations.

Under the deal‚ which is still subject to conditions precedent‚ both companies’ retail businesses will be managed under an entity called Business Venture Investments (Newco).

Afgri said the 50% shareholding in Newco was indicatively valued at approximately R440m‚ which was based on fair value assumptions at the time of issuing this announcement. - I-Net Bridge


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw