SEEKA ANNOUNCES NEW KIWIFRUIT ACQUISITION BY AMALGAMATION

Fri, 10 Dec 2021

Seeka Limited has entered an amalgamation agreement to acquire Gisborne packing business New Zealand Fruits Limited.

The amalgamation consideration values the business at approximately $21.0m.

Shareholders of NZ Fruits are offered new Seeka shares and cash for every NZ Fruits share, divided evenly between shares and cash.

The acquisition is subject to due diligence, Seeka Board approval, NZ Fruits shareholder approval, and any relevant regulatory approvals.

Seeka expects the amalgamation will be accretive to shareholders upon full integration.

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