Transnational Corporation of Nigeria (“TransCorp”) announced on Wednesday it will seek to divest its interest in fruit juice concentrate maker, Teragro Commodities Limited.

In a press release, TransCorp said a careful review of the long term proposition of its play in the juice concentrate market revealed a number of issues. As a result of this, the Board decided to exit its investment in Teragro Commodities Limited and is currently working together with the Benue State Government, a key stakeholder, towards identifying suitable partners to drive the value proposition of the business going forward.