Loading...
See More

Country Bird‚ IFC in talks over funding

Feb 25 2013 08:53 I-Net Bridge

Company Data

COUNTRY BIRD HOLDINGS LIMITED [JSE:CBH]

Last traded 0
Change -0,05
% Change 0
Cumulative volume 17099
Market cap 981.85m

Last Updated: 20-10-2014 at 03:56. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Country Bird posts earnings drop

Ross Poultry breeders off the hook

Country Bird ups earnings

Earnings rise for Country Bird

Country Bird earnings soar

Country Bird slides on profit warning

 

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.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

Rooibos gets a kick

2014-10-20 16:23

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...