Turners & Growers (T&G), the listed New Zealand-based fruit and vegetable marketer, has said that it has received interest from a number of global organisations keen on buying the business.
The group, 65 per cent owned by Guinness Peat Group – which is in the process of liquidating its investments and handing back cash to shareholders – told Business Day that there had been plenty of noise from international companies.
Chairman Rob Campbell told Business Day that the company had had expressions of interest from large global organisations as well as investment interests, but he held back from revealing the overall number of suitors.
'I'd rather not come to that but quite a good number... we haven't decided whether they fit what we're doing yet,' he explained. 'We're not at the point of saying we're going to negotiate with anyone or whatever. The interest in the business is very strong in particular – it's fair to say – there's an enormous amount of interest in this as a global trading organisation.'
He told the publication that New Zealanders tended to look at the business as 'an auctioneer and a bit of a distributor of some fruit', while the perception from abroad was different.
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