ASX-listed Avenira plans to sell its interest in the Baobab phosphate project, in Senegal, and its 7% interest in phosphate technology company Novaphos to a consortium of its three largest shareholders. Under the terms of binding agreements reached with Agrifos Partners, Tablo Corporation and Agrifields DMCC, Avenira will divest of its interest in Baobab and Novaphos and undertake a buyback and capital reduction of all the Avenira shares and options held by the buyers for nil consideration.
