Famous Brands partners with By Word of Mouth | Fin24
 
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Famous Brands partners with By Word of Mouth

Nov 27 2016 14:00

Johannesburg - Famous Brands announced on 3 October 2016 that it had concluded an agreement to acquire 49.9% of By Word of Mouth.

The agreement was subject to the condition that the Competition Commission approved the proposed acquisition in terms of the Competition Act.

The Competition Commission has now approved the transaction and accordingly the agreement is unconditional in all respects. The effective date of the acquisition is 1 December 2016.

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