Tiger Brands to sell 10% to BEE partners

May 20, 2008
South African consumer foods and healthcare products group Tiger Brands plans to sell an additional 10% to black economic-empowerment (BEE) investors after the completion of the unbundling of its healthcare products unit, it said on Tuesday.
"Post-unbundling, an additional broad-based equity deal of approximately 10% will be implemented," Peter Matlare, Tiger Brands CEO, said at the presentation of the company's interim results.

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