Zeder's Zaad Holdings to exit African businesses for R135m

Zeder Investments (JSE:ZED) announced that its subsidiary, Zaad Holdings, has entered into agreements to sell its entire equity stakes in its operations within Zimbabwe, Mozambique, and Zambia to ETG Inputs for a total consideration of R135 million. The assets, including intellectual property, are being divested due to operational and economic challenges, particularly in Zimbabwe. The deal involves the sale of subsidiaries like ZARP, Bakker Brothers, and Pristine Marketing. The R135 million purchase will be partially paid upfront (R118 million), with the balance held in escrow, pending the fulfilment of certain conditions. The proceeds will primarily be used to reduce Zaad Holdings' debt. Subject to regulatory approvals, the transaction is expected to close by July 31, 2025. The deal is classified as a category 2 transaction under JSE Limited Listings Requirements.