AVI + Mondelez? No thanks, say investors
What is AVI without its core Snackworks division? An unappetising sideshow, say analysts, as food giant Mondelez circles
02 December 2021 - 05:00
"Tea and coffee without any biscuits? That’s not a very attractive proposition," is how Sasfin senior equity analyst Alec Abraham views the prospect of AVI selling its snacks and biscuit business to Oreo cookie-maker Mondelez International.
Abraham pretty much summed up the almost total lack of enthusiasm for a possible deal within the SA investment community...
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