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...
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