Zeder Considers Selling Remaining Assets, Including Zaad Agricultural Company

Zeder, a prominent South African agriculture group, is exploring the sale of its remaining assets, including Zaad, a leading agricultural seeds and agrochemicals company. The potential sale could have significant implications for the South African agricultural sector.

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Israel Ojoko
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Zeder Considers Selling Remaining Assets, Including Zaad Agricultural Company

Zeder Considers Selling Remaining Assets, Including Zaad Agricultural Company

Zeder, a prominent South African agriculture investment group, is examining the sale of its remaining assets, which include Zaad, an agricultural seeds and agrochemicals company. The group has appointed Dutch firm Rabobank as an advisor to assist with the potential sale of Zaad.

In addition to Zaad, Zeder's other remaining asset is Pome Investments, a pome fruit production unit that has also received interest from potential buyers. Zeder, valued at approximately R2.8 billion on the Johannesburg Stock Exchange (JSE), is part of the PSG Group stable. The company has been steadily divesting its businesses in an effort to unlock value for shareholders, as its share price has been trading at a significant discount.

Why this matters: The potential sale of Zeder's remaining assets, particularly Zaad, could have significant implications for the South African agricultural sector. As a key player in the industry, any changes in ownership or strategic direction at Zaad may impact farmers, suppliers, and the broader agricultural value chain.

The decision to appoint Rabobank as an advisor for the sale of Zaad highlights the importance of the asset and the need for specialized expertise in managing the transaction. As Zeder continues to streamline its portfolio and focus on unlocking shareholder value, the outcome of these potential sales will be closely watched by investors and industry stakeholders alike.

Key Takeaways

  • Zeder examining sale of remaining assets, including agricultural firm Zaad
  • Appointed Rabobank to advise on potential sale of Zaad
  • Zeder's other asset, Pome Investments, also received buyer interest
  • Zeder valued at ~R2.8B on JSE, part of PSG Group
  • Sale of Zaad could impact South African agricultural sector