Mystery suitor for Kiwi honey producer Comvita revealed

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Mystery suitor for Kiwi honey producer Comvita revealed
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CVC’s interest in Comvita comes during a busy time for investors in the premium honey sector.

It’s been three months since New Zealand-listed honey producer Comvita told shareholders it had attracted a “highly conditional unsolicited, indicative, non-binding proposal” from a “credible offshore party.”

The $NZ120 million company, whose shares have almost halved in value in the past year, declined to reveal its suitor’s identity.Comvita said the interested party remained in due diligence as it sought to “appraise both the near term and longer-term outlook for Comvita in its global markets.”has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.

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