Chinese Investors Circle Fruit And Vegetable Supplier Freshmax

Two Chinese investors are understood to be circling the Australasian fruit and vegetable supplier Freshmax, which is up for sale by Maui Capital for a price now known to be between $NZ250 million ($240.5m) and $NZ350m ($337m).

There was speculation the company was contemplating an Initial Public Offering with a value of $NZ500m ($481m) but it is now understood a float of the business is unlikely.

The information memorandums for the sale are out and first round bids are due in the next few weeks.

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