Astral sells Nutec stake

Comment on this story
CorporateBusiness

Astral Foods (ARL) 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. - 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.