Brief: Veritas Investments says JV partners agree to orderly wind down of Kiwi Pacific Foods business
28/03/2016 22:21
March 29 (Reuters) - Veritas Investments Ltd VIL.NZ : * Has been progressing its commercial discussions with Antares Restaurant Group * Joint venture partners have agreed to commence an orderly wind down of the Kiwi Pacific Foods Business * Wind down of the Kiwi Pacific Foods business through the sale of its assets * Says the sale process is to commence shortly * KPF will meet all of its obligations to its staff and creditors * Proceeds of the sale will first be used to repay KPF's external debt * Source text for Eikon ID:nNZW6KbWvs ((For more news, please click here VIL.NZ )) ((Bengaluru Newsroom; +91 80 6749 1130))
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