Brief: Veritas Investments updates on unit

Good Spirits Hospitality

16/01/2017 03:12

Jan 16 (Reuters) - Veritas Investments Ltd  VIL.NZ  
    * over Christmas / new year period, veritas received a 
number of approaches from potential purchasers of Nosh. 
    * ANZ has agreed to extend date for veritas' delivery of a 
proposal for nosh to 31 january 2017. 
    * Is currently in discussions with several parties in 
relation to a potential sale of nosh 
    * Veritas does not accept that termination, and parties are 
in dispute over matter 
    * franchisee of nosh constellation drive store indicated its 
intention to operate independently of Nosh brand 
    * Franchisee of Nosh constellation drive store  has 
purported to terminate its franchise agreement 
 
Source text for Eikon:  ID:nNZW8tKvf1  
Further company coverage:  VIL.NZ  
 
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