Premier Group , a JSE-listed consumer packaged goods company partly owned by South African billionaire Christo Wiese , is set to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to R5.9 billion 340 million.
Premier offers 1:7 share swap
The transaction provides a premium for RFG shareholders and strengthens Premiers footprint in Southern Africa. Under the agreement, Premierwhich operates across South Africa, Mozambique, Eswatini, Lesotho, and maintains a sales office in the United Kingdomwill offer one Premier share for every seven RFG shares held.