Simbisa expansion tipped to bear fruit

Simbisa expansion tipped to bear fruit
Published: 20 February 2018
Quick service restaurant operator Simbisa Brands' decision to buy Dubai-based firm Food Fund will help unlock shareholder value, market experts have said.

This was after Simbisa, which has restricted its operations to the sub Saharan Africa region where it operates 434 counters in 11 countries mainly in Zimbabwe which accounts for 45 percent of total counters or store, last week announced that it was in discussions to buy the international restaurant group.

Simbisa is also eyeing a secondary listing on London Stock Exchange Alternative Investment Market as a way of raising funds earmarked for the acquisition of Food Fund.
- Daily News
Tags: Simbisa,


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