Food Concepts sets up FCPL with Pioneer Foods

Image Credit: Daily Maverick

Lagos-based Food Concepts plc, which counts Development Partners International and the IFC among its shareholders, is partnering with South Africa’s Pioneer Foods in setting up Food Concepts Pioneer.  Pioneer is investing $7 million for a 50.1% stake in the company with Food Concepts’ shareholders retaining the balance of the shares. The deal gives Pioneer an asset in a key market for food companies looking for growth.

Read more at BusinessDay…

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