Client NewsDekel Agri-Vision Plc – Completes acquisition of cashew project interest
Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to announce that, further to the announcement on 3 November 2020, the Company has now completed the acquisition of an additional 14.2% interest in the large scale raw cashew nut (‘RCN’) processing project at Tiebissou, Côte d’Ivoire (the ‘Cashew Project’) (the ‘Acquisition’). Following the Acquisition, Dekel now holds a 52% controlling interest in the Cashew Project, which is on course to commence RCN processing operations at an initial annual rate of 10,000tpa in Q2 2021. At this point, the Cashew Project will become Dekel’s second producing asset, alongside the Company’s established 100%-owned palm oil operation at Ayenouan, Côte d’Ivoire.
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