Friday, April 20, 2007

Tiger Brands says to divest healthcare, shares jump

(Reuters) - South Africa's food and pharmaceuticals group Tiger Brands said on Friday it would divest its drug and hospital interests, sending its shares surging.

Tiger Brands, South Africa's biggest consumer-branded products group, said in a statement it had appointed investment bank UBS South Africa to evaluate options, including a potential sale or unbundling and separate listing of the interests.


Read more at Reuters Africa

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