Remgro is considering food and infrastructure investments and will look at bolt-on acquisitions in these segments, CEO Jannie Durand says. The investment holding company was looking for direct investments and investments "via our various platforms" in food and infrastructure, Durand said on Thursday. Remgro’s interests in those sectors include stakes in RCL Foods, beverages company Distell, logistics firm Grindrod and various fibre-optics businesses. Bloomberg reported last week that Remgro was in advanced talks to buy fibre network provider Vumatel and that it would combine the company with its Dark Fibre Africa business. "We don’t comment on market rumours," Durand said on Thursday. However, he said the wave of optimism that had spread across the country since the ANC’s elective conference in December 2017 had resulted in a more conducive investment environment. "Hopefully that will spill over, not just for Remgro but for the rest of the economy," he said. "Hopefully other compani...
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