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Provider: Reuters Investment Profile
Provider: Wright Reports

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Zeder Investments Ltd Announces Acquisition Of Remaining 51% Shareholding In Klein Karoo Saad Bemarking (Pty) Ltd

Thursday, 14 Nov 2013 08:00am EST 

Zeder Investments Ltd announced that with reference to the earlier announcement dated December 4, 2012 regarding the acquisition by Zeder, through a nominated subsidiary (the Acquiror), of a shareholding in Klein Karoo Saad Bemarking. Following the fulfilment of the condition precedent, the Acquiror on November 14, 2013, exercised the Option. Accordingly, the Acquiror’s acquisition of the remaining 51% shareholding in Klein Karoo Saad Bemarking, not already held by the Acquiror, will proceed. Implementation thereof will occur during the course of November 2013, materially on the terms contained in the Announcement. Financial terms of the transaction were not disclosed.