Business
Chiawa Farm Estate
Chiawa Farm Estate.
About this update from Zambeef Products Plc
[{"type":"text","content":"\n\n\n \nZambeef Products plc\n \n(\"Zambeef\" or the \"Group\")\n \nChiawa Farm Estate\nZambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana notes the recent media commentary in Zambia, which has included reporting of a confirmation by the government that the state-owned Industrial Development Corporation (IDC) Limited is considering a purchase and is currently undertaking due diligence. Zambeef wishes to advise its shareholders that a sale has not taken place with respect to its Chiawa Farm. In the event that a successful offer for the farm is received, Zambeef will follow due process in terms of notifying the market and obtaining any relevant shareholder approvals as applicable.\n \nFor further information, please visit www.zambeefplc.com or contact:\n \n\n\n\n\nZambeef Products plc\n\n\nTel: +260 (0) 211 369 003\n\n\n\n\nFaith Mukutu, Chief Executive Officer\nPatrick Kalifungwa, Chief Financial Officer\n\n\n\n\n\n\n\n \n \nAutus Securities Limited (Sponsoring Broker)\nMataka Nkhoma (Sponsoring Broker)\n\n\n \n Tel: +260 (0) 211 840 513\n\n\n\n\n \n Cavendish Capital Markets Ltd (Nominated Adviser and Broker)\n\n\n \n\n\n\n\nEd Frisby/Abigail Kelly (Corporate Finance)\n\n\n Tel: +44 (0) 20 7220 0500\n\n\n\n\nTim Redfern (ECM)\n\n\n\n\n\n\n\n \nNotes to Editors\nZambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.\nIt has 236 retail outlets throughout Zambia and West Africa.\n \nThe Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots are located throughout ...