Agri-Vie offloads stake in South African abalone farming company to African Pioneer Group

SOUTH AFRICA – EXEO Capital’s Agri-Vie Fund 1, an agribusiness Investment Fund focusing on Sub-Saharan Africa has announced its exit from South Africa’s abalone farming companies, HIK Abalone Farm (HIK). The exit marks the end of an eight years rewarding partnership, bring in new partners, the African Pioneer Group, an investment company with other interests in the fishing sector whom Agri-Vie sold its interest of the company to. Over the eight-year investment term, the pan-African equity investment firm injected a total sum of R41.5mn in two tranches and achieved an…

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