Agri-investment group Zeder has been given the thumbs up to complete a takeover of South african fresh produce giant Capespan, following a shareholder meeting this week.
At the meeting, Zeder's offer to acquire all of the issued shares in Capespan - a total offer of R630m - was unanimously passed by the Capespan shareholders present or represented by proxy at the meeting, a financial release from Zeder confirmed.
Zeder made the offer earlier this year with the aim to acquire all of the remaining 25 per cent shares in Capespan, excluding those shares held by management.
No comments yet