Agribusiness Zeder sells its shares in Quantum Foods
Group disposes of its 61.6-million shares for R5 a share to chicken producer Country Bird
PSG-controlled Zeder Investments has sold its shares in poultry group Quantum Foods to one of SA’s biggest producers of chicken, Country Bird, for R308m.
Zeder has held shares in Quantum Foods since it was unbundled from Pioneer Foods in 2014. The group said in a statement on Monday that it had disposed of its 61.6-million shares in Quantum Foods for R5 per share.