AVI sells stake in Australian seafood joint venture
Green Cross brand owner will continue to supply Simplot
07 November 2019 - 18:46
Consumer goods group AVI, owner of Five Roses, Green Cross and I&J, has sold its 40% interest in Australia-based seafood and snack manufacturer Simplot for R633m.
AVI said the deal was in line with its strategy to exit businesses in which it had limited managerial control and restricted ability to steer strategic change...
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