Zeder share jumps as it announces sale of stake in fruit distributor
ZFS and the Capespan minority shareholders have agreed to sell to special-purpose acquisition vehicle 3 Sisters
Agribusiness-focused investment holding group Zeder announced on Monday that it will be selling off its majority stake in fruit distributor Capespan Group, triggering a surge in its share price in early trade.
The company, valued at about R2.7bn on the JSE, saw its price jump 9.32% to R1.76 at 10.48am when Zeder made the announcement about the 92.98% interest it has in fruit distributor Capespan Group via its subsidiary, Zeder Financial Services (ZFS)...
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