Zeder’s shares leap on R1.6bn deal to sell logistics business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Canada News News

Zeder has been operating under cautionary for months, and news of the deal sent its shares up as much as 9.2% on Friday 🔒

Agribusiness-focused investment holding group Zeder has inked a R1.6bn deal to sell its majority stake in transport-services business The Logistics Group , news that sent its shares to their highest level since they unbundled their stake in Pioneer Foods in early 2020.

Zeder, part of the PSG Group stable founded by Jannie Mouton, has been reviewing its portfolio, with its shares operating under cautionary since April amid “several approaches” from buyers interested in parts of its business. This has led analysts to question the future of the group’s JSE listing...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Black Friday hits the property marketOver the past couple of years, Black Friday has become more popular among South Africans. More consumers now look forward to this originally American concept, where significant discounts are offered on all types of retail goods and services. There's no greater joy than having financial freedom and a life free debts 😊, that's why I keep posting a comment about Mrs Nichelle_1111
Source: SowetanLIVE - 🏆 13. / 63 Read more »