StockMarketWire.com - Zambeef has entered into a sale and purchase agreement to dispose of wholly owned subsidiary Zamanita Ltd to Cargill Holdings BV for a cash consideration of $25.7m.

The Consideration will be adjusted for estimated closing working capital less estimated net financial debt. All of Zamanita's third party financial debt will be transferred out of the Group in accordance with the terms of the SPA.





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