Norish breaks off talks with buyer

Cold storage and warehousing company Norish said yesterday it had broken off talks with a potential buyer.

“Norish has taken the decision to terminate the discussions as the continuing nature of the process was not considered to be in the best interests of shareholders.

“The board is satisfied with the current trading performance of Norish and will continue to evaluate strategic options in order to enhance shareholder value,” the firm said in a statement to the stock exchange.