Astral Foods acquires 6.42% stake in Quantum Foods protecting poultry supply agreement

SOUTH AFRICA – Astral Foods Limited (Astral), South Africa based integrated poultry producer, has acquired 6.42% beneficial interest in securities of Quantum Foods Holdings Limited (Quantum), South Africa’s animal feeds and poultry producer. Astral has cited that it has acquired the stake in bid to protect its broiler supply agreement with the company amid a scramble for Quantum shares by third parties. “Following a material change in the shareholding of Quantum, Astral has been concerned that its current broiler supply agreement with the company could be jeopardised over the long-term,” stated…

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