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P.P.C.S. buyer of S.F.M.

PA Auckland Primary Producers Co- i operative Society, Ltd (P.P.C.S.) has identified itself as the major buyer of shares in Southland Frozen i Meat and Produce Export Company, Ltd. P.P.C.S., in a statement emphasised it is not consid- ] ering a take-over of South-) land Frozen Meat; its position could therefore be regarded as defensive. Although no indication of the level of the P.P.C.S. shareholding was given the statement indicates the co-operative-must have around 10 per cent of S.F.M. shares for its stake to be anything like a defensive move. It. 15 now certainly the single biggest shareholding. .. j.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19800507.2.65

Bibliographic details

Press, 7 May 1980, Page 6

Word Count
102

P.P.C.S. buyer of S.F.M. Press, 7 May 1980, Page 6

P.P.C.S. buyer of S.F.M. Press, 7 May 1980, Page 6