Johannesburg - Poultry producer Country Bird Holdings
[JSE:CBH] announced on Friday that it had entered into negotiations with the
International Finance Corporation (IFC) to secure funding that would enable it
to expand its geographic footprint in Africa.
The IFC is considering the possibility of investing $25m in
the form of a convertible instrument.
The funding will be utilised to increase chick production in
Zambia and Botswana‚ to expand the feedmill capacity in Zambia‚ to increase
broiler meat processing capacity and to construct soybean deactivation plants
at two of its feedmills.
Country Bird cautioned that if the talks succeeded‚ they may
have a material on the company’s share price.
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