Belgian confectionery group Puratos is acquiring half of Bidcorp Bakery Solutions (BBS), a division of the food group unbundled from Bidvest in June. In the statement released on Wednesday, Bidcorp did not place a value on the deal and said it was subject to approval from competition authorities and the South African Reserve Bank. "This acquisition in SA will help us further develop the booming African market," Puratos CEO Daniel Malcorps said in the statement.
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