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Total Produce agrees to acquire 65% of Oppenheimer Group

By BFN News | 09:08 AM | Monday 07 January, 2013


Total Produce said it has completed an agreement to acquire a 65% majority shareholding in Vancouver-headquartered Oppenheimer group. The fresh produce company has acquired an initial 35% stake in Oppenheimer, and a further 30% will follow in 2017 at a price to be determined on future profits. Total Produce did not state how much it paid for the initial 35%. Oppenheimer is a North American fresh produce distribution and marketing company. The New Zealand-based apple marketer, ENZA, maintains its 15% ownership of The Oppenheimer Group's US business. At 9:08am: (LON:TOT) share price was 0p at 45.5p Story provided by StockMarketWire.com

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