Crookes Brothers withdraws cautionary after agreeing to sell Mozambique macadamia units for US$2

Crookes Brothers entered an agreement to sell its Mozambique macadamia units, Murrimo Macadamia Limitada and Murrimo Farming Limitada, to AgDevCo for an aggregate cash consideration of USD 2.00. The sale is part of Crookes Brothers’ exit from a loss-making operation that required ongoing funding. The disposal will extinguish a USD 5 million term loan from AgDevCo, with about USD 0.5 million of accrued interest, which will be derecognized in the group’s consolidated financial statements. The units reported net assets of nil and an aggregate loss of ZAR 300.8 million for the year ended March 31, 2026. Closing is targeted by Dec. 31, 2026, subject to Mozambican regulatory and foreign investment approvals. The group withdrew its cautionary announcement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crookes Brothers Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system