SATARA CO-OPERATIVE GROUP LIMITED

(SAT:NZX)

Commentary :

The Company was primarily involved in post harvest (packaging) operations for the NZ kiwifruit and avocado industries and was an NZAX-listed hybrid co-operative (Growers Suppliers 60%  of the votes / Investors 40% of the votes) and Christopher Swasbrook was appointed the Commercial Director of the Company in June 2011. The Elevation Capital Value Fund inherited a 2.6% position in the stock when Elevation Capital Multi-Strategy Fund merged with Elevation Capital Value Fund in September 2011. We exited the position after EastPack and Satara agreed to merge in March 2013.

ELEVATION CAPITAL LETTERS & SATARA RESPONSES

 

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