NZ's Sanford sees best day as Ngāi Tahu Investments buys 12.5% stake

Sanford

01/09/2021 02:52

** Shares of seafood firm Sanford Ltd  SAN.NZ  jump as much
as 23.8% to NZ$5.51, deliver their sharpest intraday gain
    ** NZ-focused investor Ngāi Tahu Investments buys SAN shares
for NZ$5.50 a piece, representing a 23.6% premium to its last
close  urn:newsml:reuters.com:*:nFWN2Q20XG
    ** Sanford says Ngāi Tahu holds 12.56% stake in SAN
 urn:newsml:reuters.com:*:nFWN2Q20VW
    ** Shares at their highest level since Nov 2020 
    ** Stock top pct gainer in the NZX 50 index  .NZ50 
    ** Stock down 14.9% this year, as of last close
    

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))