Famous Brands said the cash deal for an undisclosed amount gives it a wider footprint in , where it has operated for the past 11 years through licence and franchise agreements, and is part of its strategy to expand further into .
Stuck with slower growth at home, South African companies are increasingly looking to fast-growing Sub-Saharan markets.
UAC Restaurants has 165 franchised restaurants in , with 57 of those in . That includes the popular Mr Bigg's brand, Famous Brands said.
Famous Brands operates the Steers and Wimpy fast-food restaurants in .
Full SENS statement.