Veritas sells Nosh for $4m, looks to repay debt to ANZ

Thu, 02 Feb 2017

By Sophie Boot Feb. 2 (BusinessDesk) - Veritas Investments has sold its Nosh food supermarkets to Gosh Holding for $3.98 million, with the transaction due to be completed on Feb. 10. The business and assets have been sold as a going concern and Gosh has agreed to assume Nosh’s trade creditor liabilities under the transaction, which includes about $1 million worth of stock, Veritas said. The net sale proceeds after post completion adjustments will be used to repay Veritas group’s bank debt to ANZ Bank New Zealand. The food and beverage...

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