Simbisa eyes international acquisition

Simbisa eyes international acquisition
Published: 15 February 2018
Quick service restaurant (QSR) group, Simbisa Brands Limited is looking to expand its business with the proposed acquisition of Foodfund Investments.

Foodfund is a family owned business incorporated in the United Arab Emirates, the British Virgin Islands and South Africa with several restaurants across the globe.

In light of this, Simbisa will seek shareholder approval for the 100 percent acquisition of Foodfund at an extra ordinary general meeting (EGM) to be held on March 9, 2018. At the same EGM, Simbisa will also seek approval for the secondary listing of its shares on the London Stock Exchange.
- The Herald
Tags: Simbisa,


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