Brief: Sanford Says Commerce Commission Grants Clearance For Sale Of Ace To Moana New Zealand

Sanford

13/09/2023 02:28

Sept 13 (Reuters) - Sanford Ltd  SAN.NZ :
    * COMMERCE COMMISSION GRANTS CLEARANCE FOR SALE OF ACE TO
MOANA
NEW ZEALAND
    * VALUE FOR PACKAGE OF ACE STARTS AT NEARLY NZ$11M
(ANNUALISED)
FOR FIRST YEAR AND SCALES UP TO NZ$13M OVER NEXT FIVE YEARS
    * TRANSACTION REDUCES VOLATILITY FOR CO'S EARNINGS AND
ENABLES
RE-FOCUS ON HIGHER RETURN PARTS OF BUSINESS


Further company coverage:  SAN.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))