SATARA CO-OPERATIVE GROUP LIMITED (SAT:NZX)
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’S LETTERS TO SATARA
SATARA RESPONSES TO ELEVATION CAPITAL