Tiger Brands to sell processed meats business for $24.7m

  • 📰 IOL
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

South African food producer Tiger Brands will sell its processed meats business through two separate deals for a combined 428 million rand ($24.7 million), it said.

The disposal of the business, which was closed temporarily in 2018 after the world’s biggest listeriosis outbreak, is part of a strategic review initiated before that outbreak and concluded that the business was “not an ideal fit” within the group’s portfolio.

Molare, one of South Africa’s largest piggery businesses and one of the main suppliers to the abattoir operation, will pay 117 million rand for its acquisition while Silver Blade will pay 311 million rand for the factories. The company is facing a class action lawsuit over its role in the listeriosis outbreak, which killed more than 200 people in South Africa and was traced back to a factory run by Tiger Brands-owned Enterprise Foods.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 46. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

MTN’s sale of Middle East business expected to boost 5G rollout in AfricaMobile operator to sell its operations in Syria, Afghanistan, Iran and Yemen
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

From panic to pivot: join the free webinar on how to reinvent your businessOn Aug 19 at 9am, join the Business Day SME Matters digital series in partnership with the Johannesburg Business School, as we look at some of SA’s most innovative entrepreneurs who have turned crisis into opportunity. ArenaEventsZA
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »