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Agriculture-focused investment group Zeder has announced it is considering the sale of its remaining assets and has appointed Dutch firm Rabobank as an advisor for the sale of its agricultural seeds and agrochemicals company, Zaad.
Zaad is one of its last two remaining assets, along with the pome fruit production unit, Pome Investments, which has also received approaches from buyers, Zeder CEO Johann le Roux said at the group's year-end results presentation on Wednesday.
Valued at about R2.8 billion on the JSE, Zeder is part of the PSG Group stable, founded by Jannie Mouton. It's been steadily disposing of businesses, looking to unlock value for shareholders amid a hefty discount at which its shares trade.
