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Southern Cross Foods to acquire Fiji Dairy
date:Jul 05, 2012
The company will also be assuming the debt of Fiji Dairy, which stands at FJD17m ($7.52m).
Under the agreement, SC Foods will set up chilling centres in Ba and Lautoka within four months of the sale. It will also modernize the Fiji Dairy factory as well as establish a farm in Waidina.
Following the completion of the transaction, SC Foods will own 80% of shares and have dividend rights, while the farmers will continue to own 20% shares.
At least 16 companies including had shown their interest to

07/01 10:53