Oceana sells cold storage business
Complex deal ‘showed the management team’s ability to deliver a high-value sale in a challenging market’
04 April 2023 - 19:30
SA’s largest fishing company, Oceana, has sold its commercial cold storage business for R760m, allowing it to reduce debt and concentrate on its core businesses.
Oceana CEO Neville Brink described the transaction as complex, saying it revealed the management team’s ability and expertise in delivering a high-value sale in a challenging market...
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