Oceana Group selling its cold storage business in South Africa

Published on
October 5, 2022
The Oceana Group fishing vessel Desert Diamond.

Cape Town, South Africa-based Oceana Group has announced the sale of its subsidiary Commercial Cold Storage Group Limited – traded as CCS Logistics.

The sale of its cold-storage business entity for ZAR 760 million (USD 42.8 million, EUR 43.2 million) will finance investment an expansion of its core business of fishing.

The business was purchased by African Infrastructure Investment Managers (AIIM)  ... 

Photo courtesy of Oceana Group

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