Wednesday, July 25, 2007

AFGRI shares fall after halts unbundling plan

(Reuters) - Shares in South Africa's farm group AFGRI fell 4.25 percent on Wednesday after the company said it had shelved plans to spin off its products unit and list it separately.

"The board has following further investigation, resolved not to proceed with the unbundling and separate listing of the products division as it is not satisfied that such a step will add significant value to shareholders," AFGRI said.


Read more at Reuters Africa

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