sponsored by
Tiger renews cautionary on Nigerian transaction
In July, Tiger Brands‚ SA's largest food producer‚ reached an agreement in principle with Dangote‚ the West African manufacturing group‚ to purchase 63.35% of the Nigerian flour and pasta maker Dangote Flour Mills (DFM).
The transaction would expand Tiger Brands' presence in Nigeria.
Last year‚ it bought 100% of Deli Foods Nigeria‚ a biscuit maker‚ for R296.3m. It also paid R421.1m for a 49% stake in UAC Foods Nigeria‚ a manufacturer of branded food products.
In May this year‚ Tiger Brands advised its shareholders it had entered talks with the Nigerian conglomerate over DFM.
Tiger Brands spent R2.1bn on acquisitions last year‚ according to its annual report.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Ex-Shell exec to lead Dangote's refinery amid expansion drive 4 Aug 2025 15th Annual Brand Africa 100 | Africa’s Best Brands: African optimism vs declining brand loyalty 27 May 2025 Second fuel price hike in Nigeria in as many weeks 17 Sep 2024 African energy ministers call for more collaboration 19 Jul 2024
