Funder Sells Shareholding in SA Abalone Farm

EXEO Capital, a pan-African private equity firm which manages the Agri-Vie Fund I and II, has confirmed that it is no longer invested in HIK Abalone Farm based in Hermanus.

Agri-Vie Fund 1 invested in HIK Abalone Farm about eight years ago. Through this investment it was able to expand and develop a second farm and increase production from 80 tonnes to 300 tonnes a year.