Tiger Brands has decided to spin off its 42.1 per cent stake in Oceana Group worth USD 330 million to focus on growing its core food and drinks business.
The firm adopted this decision following a review of Oceana’s fit with the group’s core business undertakings, Oceana reported in a statement.
Oceana Group Ltd. statement ?
The approximate implementation date of the unbundling is April 2019.
About 57 m...