AVI disposes of Australian seafood snack joint venture
AVI subsidiary I&J sold its 40% stake in Simplot for R633m, saying it had low growth potential without managerial control
07 November 2019 - 13:25
Consumer goods group AVI, whose brands include footwear retailer Spitz and seafood company I&J, said on Thursday it had sold its 40% stake in its joint venture with Australian food company Simplot for R633m.
Simplot, which makes and supplies seafood snacks in Australia and New Zealand, will snatch up the stake held by AVI subsidiary I&J...
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