Banking & Finance In brief South Africa

Tiger Brands will not support Nigerian operation

Tiger Brands has decided not to provide further financial support with respect to its investment in Tiger Branded Consumer Goods of Nigeria, the food company said in a cautionary announcement on Monday.

Tiger Brands was exploring various alternatives with respect to its shareholding in Tiger Branded Consumer Goods, the company said.

At 11.11am yesterday the counter was trading 3.9% firmer R323.14.

Source: BDpro

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