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January 18, 2008

Rainbow Chicken in possible BEE deal

Poultry group Rainbow Chicken has started with talks with potential black economic empowerment partners, it said on Thursday.

Any proposed BEE transaction, if successfully concluded, will be subject to certain regulatory and shareholder approvals and may have an effect on the market price at which Rainbow`s shares trade on the JSE Limited, the group said.

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Posted by StaffWriter at January 18, 2008 2:04 PM