Scott Technology reviewing ownership structure

Scott Technology CEO John Kippenberger. (Image: Scott Technology)

Thu, 15 Jun 2023

Automation engineering firm Scott Technology is undertaking a strategic review of its ownership structure, following discussions with majority shareholder JBS which owns 53% of the Dunedin-based company.Brazilian-based JBS is the largest meat processing company in the world and acquired its stake through its Australian subsidiary in 2016, paying $1.39 a share. Since then, the price has climbed to $2.75.The company told the New Zealand stock exchange on Thursday that it was “exploring options to maximise value for all shareholders” a...

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