Total Produce to acquire majority share of Oppy by 2017
Total Produce to acquire majority share of Oppy by 2017
Total Produce plc, located in Dublin, Ireland, announced Dec. 17 that it has brokered a deal to acquire a majority interest in The Oppenheimer Group, headquartered in Vancouver, BC.
Under the terms of the deal, Total Produce will control 65 percent of the company in a two-phase deal. In January, Total Produce will acquire 35 percent of Oppenheimer's shares. The remaining 30 percent of shares will be acquired in 2017 at a price based on future profits.