Business - Companies & Markets - Featured - Local - December 16, 2020

Dendairy eyes Dairibord shares

PRODUCER of dairy products and fruit juice in Zimbabwe Dendairy Private Limited is in discussion with the leading producer of milk products Dairibord Holdings to quires share from the company.

The two companies produce milk products which are rated amongst the best in the country.

Dairibord Holdings recently announced in the press on 1 July 2020 and subsequent updates on 22 July 2020, 13 August 2020, 4 September 2020, 25 September 2020, 16 October 2020, 6 November 2020 and 27 November 2020 about their engagement with Dendairy.

In a statement company secretary, S. Punzisani said shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity (Dendairy (Pvt) Ltd), for a merger and acquisition transaction.

“If successfully concluded this transaction will have a material effect on the price of the company’s shares, the full impact of which is still being determined.”

Punzisani urged shareholders to continue exercising caution when dealing with the company’s share until further notice.

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