Why Grindrod is selling its marine fuels and agriculture businesses
The company's share price tumbles 16.10% — its biggest one-day fall since October 16 2008
18 August 2019 - 16:09
JSE-listed freight and financial services company Grindrod says it has put its marine fuels and agricultural investments up for sale following a strategic review in the first half of 2019 to provide a clear direction for the company.
The company, due to release results for the six months ended June 30 on August 23, said it was decided to sell the marine fuels and agricultural business as they are not part of the group’s “strategic focus”...
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