South Africa's Tiger Brands concludes sale of processed meats business

  • Reuters
  • Stock Market News
South Africa's Tiger Brands concludes sale of processed meats business
Credit: © Reuters.

Oct 29 (Reuters) - South Africa's biggest food producer Tiger Brands TBSJ.J said on Thursday it had completed the sale of its value-added meat products business, which was closed temporarily in 2018 after the world's biggest listeriosis outbreak.

The company said the acquisition of the meat processing businesses at Germiston, Polokwane and Pretoria by Silver Blade Abattoir, a unit of Country Bird Holdings, has become unconditional.

The effective date of the deal will be Nov. 1, the company said.

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