Premier Group , a consumer packaged goods company listed on the Johannesburg Stock Exchange and partly owned by South African billionaire Christo Wiese , is aiming for 1.7 billion in annual revenue with its proposed acquisition of RFG Holdings.
Swap deal to boost Premier Group revenue to 1.7 billion
The landmark deal, structured as a share swap valued at up to R5.9 billion 360 million , is set to combine the two South African food producers into one larger group. Premier Group said the transaction would create a company with nearly R28 billion 1.7 billion in annual revenue and a projected profit after tax of R1.7 billion 103.1 million.
