AEEI eyes acquisitions to drive further growth
Black-owned investment holding firm African Equity Empowerment Investments says it will pursue deals as annual revenue increases 22%
African Equity Empowerment Investments (AEEI) is gearing itself for further growth through acquisitions, it said on Tuesday. The group has investments in fishing, technology, health and beauty, and events and tourism. “Management is focused on its five-year strategic plan and has firmed up its acquisition pipeline for both its fishing and brands division and ICT associate,” the company said. AEEI’s fishing division, Premier Fishing and Brands, earlier this year bought a controlling stake in Talhado Fishing Enterprises, the largest squid company in SA, as part of a strategy to increase the company’s product range. Premier Fishing operates a business which specialises in the harvesting, processing and marketing of fish and fish-related products. It has medium- to long-term fishing rights in squid, lobster, small pelagics, hake deep-sea trawl and tuna. AEEI on Tuesday reported a 22% rise in revenue for the year to August to R701m, “mainly due to significant revenue growth achieved from...
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