The owner of the Green Cross brand will continue to supply seafood to Simplot
Picture: 123RF/ SUAT DEMIRIZ
AVI said the deal was in line with its strategy to exit businesses in which it had limited managerial control and restricted ability to steer strategic change. After tax, the sale of the stake in Simplot transaction would result in capital gain of about R370m, AVI said. AVI chair Gavin Tipper said at the company’s annual general meeting on Thursday that performance in the rest of the financial year depended on “sound” consumer demand over the festive season and through the second half of the financial year.
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