CORPORATE ACTION
A buffet of options in listed food sector
RCL and Libstar are both rumoured to be in play but there could be many permutations to a possible tie-up
22 September 2022 - 05:00
Long-simmering corporate action in the JSE’s food sector may cook over in the next 18 months, with RCL Foods poised to release a few big flavours. It’s one reason the stock has, after years in the doldrums, been on a tear of late, outperforming peers including AVI, Tiger Brands, Libstar and Rhodes Food.
But RCL, controlled by Remgro, could also be looking for new growth ingredients that might see it snap up smaller food players on the JSE. ..
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