Ivory Coast’s Dekel Agri-Vision PLC, a United Kingdom-based agro-industrial company with subsidiaries in Ivory Coast, plans to start full commercial production of raw cashew nut processing plant in Ivory Coast in 2023 to boost local processing.
Dekel has increased its interest in the cashew project to 100%, following the acquisition of a 29% beneficial interest in Pearlside Holdings Ltd for GBP619,000 (US$763,165).
Pearlside is the wholly-owned parent of Capro CI SA, the entity which owns the cashew operation. The consideration is to be settled via the issue of 20.0 million new shares, which represent 3.6% of Dekel’s enlarged share capital.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.