9 Jun 2009

Logistics company takes stake in Seeka

4:34 pm on 9 June 2009

Japanese produce logistics company, Fresh MD Holdings, is acquiring an 18.8% stake in Seeka Kiwifruit Industries.

It is purchasing 2.36 million shares for $8.5 million from former Seeka director Chris Morton - representing a premium of $1.30 on the market price of $2.30.

Fresh MD's main shareholders include the fresh produce specialist Dole and the Sumitomo Corporation.