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Grindrod subsidiary Grindrod Trading Holdings (GTH) has agreed to sell its entire stake in agricultural group Senwes to Agribel Holdings for R385.17m, according to a JSE Sens statement on Monday.

The subsidiary of the listed freight services and shipping group, which first acquired a 20.3% stake in Senwes in 2013 in a deal worth R444m, said the rationale for the sale was to dispose of certain noncore businesses with the proceeds being used to pay down debt.  ..

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