New Zealand's Sanford falls on plan to sell Tauranga based pelagic business assets

Sanford

19/11/2018 02:55

** Shares of seafood company Sanford Ltd  SAN.NZ  fall as
much as 2.8 pct to near 1-1/2-year low of NZ$7.00
    ** Company announces conditional agreement to sell its
Tauranga-based pelagic business assets to Pelco NZ Ltd
 urn:newsml:reuters.com:*:nFWN1XR0UR
    ** Sanford stock posts its biggest intraday pct fall in 9
months
    ** Stock among biggest percentage losers on S&P/ NZX index
 .NZ50 
    ** Stock's last close was its lowest in about 16 months
    ** Stock had fallen 13.3 pct this year as of last close,
compared with a 4.9 pct increase in Kiwi benchmark index 

 ((Reuters Messaging:
rashmi.ashok.thomsonreuters.com@reuters.net))