DGAP-News: Amatheon Agri Holding N.V.: Amatheon Agr Group Agrees to Take Over More Beef Zambia

Amatheon Agri Holding N.V.: Amatheon Agr Group Agrees to Take Over More Beef Zambia

DGAP-News: Amatheon Agri Holding N.V. / Schlagwort(e):

Firmenübernahme/Strategische Unternehmensentscheidung

Amatheon Agri Holding N.V.: Amatheon Agr Group Agrees to Take Over

More Beef Zambia

05.11.2014 / 18:48

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05/11/2014

AMATHEON AGRI GROUP AGREES TO TAKE OVER MORE BEEF ZAMBIA

The Amatheon Agri Group, the Berlin-based agri and foods company, announced

today it had entered into an agreement to purchase More Beef Limited, the

Zambian meat processor and butchery operator. The transaction will be

executed through the Amatheon subsidiary, The Real Meat Company Limited, in

which Amatheon agreed to acquire a controlling stake in September 2014

(pending regulatory approval).

More Beef is the number two operator of butchery shops and has a strategic

partnership with the fast growing Pick n Pay retail chain. It also owns the

Buccamore brand, a producer of processed meat products. The company has a

turnover of close to USD 15 million and employs over 200 people.

Significant growth is forecasted as the company's main customer, Pick n

Pay, is fast implementing its shop expansion program and Zambian meat

consumption is continuing to grow.

Carl Heinrich Bruhn, founder and CEO of the Amatheon Agri Group, commented

that, "we are very excited about acquiring a second building block in our

strategy to become a leading player in Zambian meat products. We see great

potential for growth of More Beef, as we will safeguard its brand, unique

positioning and operational competence, but also create the opportunity for

leveraging synergies across our meat processing and farming operations."

The Amatheon Agri Group comprises sustainable farming, trading and food

processing operations in Sub-Saharan Africa. Alongside Amatheon's three

business pillars, Amatheon invests in sustainable land acquisition and

development as well as farming concepts. The company secures its success

through its use of local African expertise as well as significant

international business experience.

Contact:

Leweke von Hoff

Phone: +49 30 53 000 90 05

Fax: +49 30 53 000 90 20

Mobile: +49 162 202 56 49

E-Mail: l.vonhoff@amatheon-agri.com

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05.11.2014 Veröffentlichung einer Corporate News/Finanznachricht,

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Sprache: Deutsch

Unternehmen: Amatheon Agri Holding N.V.

Friedrichstrasse 95

10117 Berlin

Deutschland

Telefon: +49 (0)30 5 3000 9023

Fax: +49 (0)30 5 3000 9020

E-Mail: info@amatheon-agri.com

Internet: www.amatheon-agri.com

ISIN: NL0010273694

WKN: A1J4XD

Börsen: Auslandsbörse(n) Paris

Ende der Mitteilung DGAP News-Service

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