South Africa's Tiger Brands to sell Dairybelle dairy unit to private equity fund
A report in Business iAfrica.com yesterday
stated that competition authorities will hear the case for Standard Bank Private Equity's proposed acquisition of Dairybelle, which is a division of Tiger Food Brands, South Africa's biggest consumer-branded products group.
According to the report: "Standard Bank intends to acquire the entire issued share capital of Dairybelle as a going concern. Standard Bank also intends to acquire trademarks relating to Dairybelle business from Tiger Food Intellectual Property Holding Company. Post merger, Standard Bank will control the business and trade marks of Dairybelle as a going concern. The Competition Commission has recommended that the Competition Tribunal approve this merger without conditions."