Comvita sells minority stake to Fraser & Neave as part of funding plan
Comvita is selling a minority stake to Fraser & Neave (F&N) as part of a NZ$30m fundraising plan. F&N has committed to invest up to NZ$15m, which would give it a 19.99% stake in Comvita. The deal is expected to support Comvita's growth in Southeast Asia and expand F&N's portfolio in premium consumer segments.
Topics: corporate finance equity offering fundraising stake sale strategic partnership