DGAP-News: Amatheon Agri Holding N.V.: Amatheon Agr Group Agrees to Take Over More Beef Zambia

DGAP-News: Amatheon Agri Holding N.V. / Schlagwort(e): Firmenübernahme/Strategische Unternehmensentscheidung Amatheon Agri Holding N.V.: Amatheon Agr Group Agrees to Take Over More Beef Zambia

05.11.2014 / 18:48 

05/11/2014 

AMATHEON AGRI GROUP AGREES TO TAKE OVER MORE BEEF ZAMBIA

The Amatheon Agri Group, the Berlin-based agri and foods company, announced today it had entered into an agreement to purchase More Beef Limited, the Zambian meat processor and butchery operator. The transaction will be executed through the Amatheon subsidiary, The Real Meat Company Limited, in which Amatheon agreed to acquire a controlling stake in September 2014 (pending regulatory approval).

More Beef is the number two operator of butchery shops and has a strategic partnership with the fast growing Pick n Pay retail chain. It also owns the Buccamore brand, a producer of processed meat products. The company has a turnover of close to USD 15 million and employs over 200 people. Significant growth is forecasted as the company's main customer, Pick n Pay, is fast implementing its shop expansion program and Zambian meat consumption is continuing to grow.

Carl Heinrich Bruhn, founder and CEO of the Amatheon Agri Group, commented that, "we are very excited about acquiring a second building block in our strategy to become a leading player in Zambian meat products. We see great potential for growth of More Beef, as we will safeguard its brand, unique positioning and operational competence, but also create the opportunity for leveraging synergies across our meat processing and farming operations."

The Amatheon Agri Group comprises sustainable farming, trading and food processing operations in Sub-Saharan Africa. Alongside Amatheon's three business pillars, Amatheon invests in sustainable land acquisition and development as well as farming concepts. The company secures its success through its use of local African expertise as well as significant international business experience.

Contact: Leweke von Hoff Phone: +49 30 53 000 90 05 Fax: +49 30 53 000 90 20 Mobile: +49 162 202 56 49 E-Mail: l.vonhoff@amatheon-agri.com

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Sprache: Deutsch Unternehmen: Amatheon Agri Holding N.V. Friedrichstrasse 95 10117 Berlin Deutschland Telefon: +49 (0)30 5 3000 9023 Fax: +49 (0)30 5 3000 9020 E-Mail: info@amatheon-agri.com Internet: www.amatheon-agri.com ISIN: NL0010273694 WKN: A1J4XD Börsen: Auslandsbörse(n) Paris

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