Johannesburg - Rainbow Chicken [JSE:RBW] said on Thursday it has reached an agreement with Zambeef to establish a joint hatchery operation in Zambia.
The agreement includes the establishment of a broiler parent stock rearing‚ laying and hatching operation for the supply of day old chicks.
Rainbow and Zambeef will own 51% and 49% of the new Zamhatch business respectively.
According to Rainbow Chicken the business is expected to be operational within the next two to three years.
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