Turners and Growers mops up remaining 30 percent of Delica for $25.8 mln

Fri, 31 May 2013

May 31 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany's BayWa Aktiengellschaft, has mopped up the 30 percent in specialist producer exporter Delica it doesn’t already own from managers for $25.8 million. Turners & Growers has been granted a waiver from having to hold a shareholder vote on the transaction after BayWa, with 73 percent and Bartel Holdings with about 12 percent, said they supported the deal. Delica was set up in 1994 to sell citrus, cherries, asparagus and berry fruit. It formed a joint venture with...

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