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S.Africa's Tiger Brands to acquire Kenyan Rafiki Mills
date:Jan 22, 2014
South African food company Tiger Brands said on Tuesday it had agreed to buy a Kenyan firm, identified by a newspaper as milling and confectionery company Rafiki Mills, in a deal likely worth $25 million.

South Africa's Business Day newspaper earlier reported Tiger Brands, a maker of bread and breakfast cereal, had agreed to acquire Rafiki for $25 million, quoting corporate affairs group executive Alex Mathole.

Mathole confirmed in a statement that an agreement had been signed, but declined to

12/25 16:55