- Dundee Corporation (DC.A) continues to divest from non-core assets with the proposed sale of Blue Goose for C$68 million
- Blue Goose Cattle is focused on the production, distribution and sale of natural beef
- Blue Goose will use the proceeds to repay existing indebtedness to banks and to Dundee
- The transaction is scheduled to close on or about September 30, 2021
- Dundee Corporation is a holding company focused on delivering long-term, sustainable value in the mining sector
- Dundee Corporation (DC.A) is up by 6.9 per cent and is currently trading at $1.55 per share
Dundee Corporation (DC.A) continues to divest from non-core assets with the proposed sale of Blue Goose for C$68 million.
Blue Goose Capital, an 88-per-cent-owned subsidiary, entered into the agreement with an arm’s length third party to sell The Blue Goose Cattle Company.
The transaction excludes Lambert Creek Organic Meats and certain non-core assets of Blue Goose Cattle, which the company is currently arranging to sell through a separate agreement.
Blue Goose Cattle is focused on the production, distribution and sale of natural beef. It also owns significant agricultural land in British Columbia.
Blue Goose will use the proceeds to repay existing indebtedness to banks and to Dundee.
The transaction is scheduled to close on or about September 30, 2021.
Jonathan Goodman, Dundee’s President and CEO, commented,
“The sale of BG Cattle demonstrates significant progress on rationalizing our legacy portfolio of non-core assets, which is a key strategic component of Dundee’s ongoing transformation into an active investor focused solely on delivering long-term, sustainable value from mining investments. Looking ahead, rationalizing our non-core legacy portfolio continues to be a major priority and we remain committed to accelerating this strategic objective in the coming months.”
Dundee Corporation is a holding company focused on delivering long-term, sustainable value in the mining sector.
Dundee Corporation (DC.A) is up by 6.9 per cent and is currently trading at $1.55 per share as of 1:49 pm ET.
