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Home Africa

South Africa’s Bidcorp to sell unit to Tesco’s Booker

FurtherAfrica by FurtherAfrica
October 3, 2019
in Africa, M&A, Retail
Reading Time: 1 min read
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South Africa’s Bidcorp to sell unit to Tesco’s Booker
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South African food services company Bid Corp Ltd (Bidcorp) on Wednesday said it would sell its Best Food Logistics unit in Britain to Tesco Plc’s unit, Booker Group.

Bidcorp, which operates in Europe, United Kingdom, Australasia and emerging markets, said as a result of the deal there will be no material financial impact on its net assets or profits for the full year ending June 30, 2020.

Source: Reuters

Related

Tags: AustralasiaBest Food LogisticsBid Corp LtdBidcorpBooker Groupemerging marketsEuropeSouth AfricaTescoUKUnited Kingdomюжная-африкаجنوب-أفريقيا南アフリカ南非
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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