Data provided by iNet BFA
Loading...
See More

Rainbow Chicken buys stake in Zam Chick

Feb 04 2013 11:19 Reuters


Company Data

RCL Foods Limited [JSE:RCL]

Last traded 16.40
Change 0.8
% Change 0.05
Cumulative volume 93206
Market cap 15.24bn

Last Updated: 29/07/2014 at 04:23. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Rainbow Chicken in bid to raise R3.9bn

Rainbow Chicken strike continues

Foodcorp fined R88m for price-fixing

Rainbow's earnings, profit slow

Govt wants probe into chicken farm death

How to invest in food

 

Johannesburg - Shares of Rainbow Chicken [JSE:RBW] fell more than 6% after the company said it would pay $14.25m in cash for Zambian Zambeef's 49% stake in Zam Chick.

Zambeef is a major player in Zambia's agri-business market and Zam Chick manages and operates its chicken broiler business.

Rainbow Chicken shares were down 3.06% at R15.53 at 07:44 GMT after earlier falling more than 6% to a low of R15.  

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

rainbow chicken
NEXT ON FIN24X

 
 
 

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

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilitate herself from splurging on feel-good items and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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