Seeka completes stage two of T&G Northland Acquisition
29 June 2018
Seeka completes stage two of T&G Northland Acquisition
Seeka Limited [NZX:SEK] advises that it has completed stage two of the T&G
Northland acquisition, involving the acquisition of certain kiwifruit orchards
and related assets previously owned by Turners and Growers Horticulture
Limited.
T&G is currently progressing with the process for the subdivision of three
remaining orchards to be acquired by Seeka under the transaction. The
agreement provides that Seeka will purchase each remaining orchard as the
subdivision for the relevant orchard has been completed – Seeka is leasing
these orchards in the interim period.
Seeka thanks its advisers, lawyers Harmos Horton Lusk Limited and bankers
Westpac New Zealand Limited and all staff involved in this transaction.
Ends.
For further information please contact:
Michael Franks Seeka Chief Executive 021356516
Stuart McKinstry Seeka Chief Financial Officer 0212215583
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