Kalera jumps after selling international business

Kalera

30/01/2023 20:54

** Shares of farming company Kalera PLC  KAL.O  jump 20.2%
to $7.18 in afternoon trade
    ** Co says its international business has been acquired by
Growy Holdings BV, a Netherlands-based indoor farming company
    ** "The sale includes the headquarters in Germany, the farm
in Kuwait and the farm under construction in Singapore," says
KAL
    ** Co had announced its intention to divest the
international business in October 
    ** Stock fell 94.5% in the quarter ended Dec 31
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))