Astral takes stake in poultry peer Quantum
Astral has taken a 6.42% stake in Quantum, citing a need to ensure its independence amid a scramble for shares by third parties
14 July 2020 - 17:24
Poultry producer Astral has taken a 6.42% stake in peer Quantum Foods, citing a need to protect its broiler supply due to possible takeover interest from other parties.
Quantum's share price has almost doubled over the past three months, amid a shake-up of its shareholding base that has raised questions about the future of SA's largest egg producer.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now