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Byline: Sure Kamhunga
Country Bird keeps options open on acquiring Sovereign SURE KAMHUNGA Companies Editor COUNTRY Bird, SA's third-largest poultry producer, was keeping its options open yesterday on whether or not it would eventually acquire Sovereign Foods.
Group financial director Robbie Taylor said Country Bird believed there were synergies that could be exploited if it were to acquire Sovereign. JSE-listed Afgri has meanwhile made known its intention to reverse list Afgri Foods, which houses its poultry, feed milling and edible oil businesses, into Sovereign, and become a 77% shareholder in the enlarged entity. CEO Chris Venter last week said he believed his …