In a busy day for corporate news, Astral Foods announced it had sold its chunk of Quantum after being soothed by a long-term deal for its egg supply. In international news, the UK is cutting its capital gains tax on property, and Brazil is getting a hefty investment from Toyota. SA's biggest chicken group Astral Foods said on Wednesday it has disposed of its 9.8% interest in SA's biggest egg producer Quantum Foods for R141.7 million to rival Country Bird Holdings. Quantum supplies Astral with approximately 600 000 broilers per week for further processing, about 35% of County Fair's total slaughter capacity." Demand for green energy products declined by approximately 55% year-on-year, but the rest of the business was more stable.


Source:   News 24
March 06, 2024 17:51 UTC