Seeka Limited completed the acquisition of New Zealand Fruits Limited.
February 01, 2022
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Seeka Limited (NZSE:SEK) entered into an amalgamation agreement to acquire New Zealand Fruits Limited for approximately NZD 21 million on December 10, 2021. NZ Fruits shareholders are offered new Seeka shares and cash for every NZ Fruits share, divided evenly between shares and cash. The issue price for each new Seeka share is $5.2455, being the volume weighted average price of Seeka shares traded on the NZX Main Board over the 10 business days ended 9 December 2021. The conditions include satisfactory due diligence and final Seeka Board approval, 75% or more of NZ Fruits shareholders approving the amalgamation and on relevant regulatory approvals (if any) being obtained.
Seeka Limited (NZSE:SEK) completed the acquisition of New Zealand Fruits Limited on February 2, 2022.
Seeka Limited is engaged in growing, processing, and supplying fruits to domestic and international consumers. Its segments include Orchard operations, Post harvest operations, Retail service operations, All other segments-New Zealand, and Australian operations. Orchard operations segment offers on-orchard management services to orchard owners who produce kiwifruit, avocado and kiwi berry crops. The segment also produces kiwifruit, avocado and kiwi berry crops. Post harvest operations segment provides post-harvest services to the kiwifruit, avocado, citrus, berry and kiwi berry industries. This includes all crops from its orchard management and lease operations, plus crops from independent orchard owners. Retail service operations provides fruit marketing services in New Zealand and internationally, particularly in the Australian and Asian markets. Australian operations segment grows, provides post-harvest services, and retails all produce from orchards it owns or leases in Australia.
Seeka Limited completed the acquisition of New Zealand Fruits Limited.
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