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Remgro to spread it around

Story from: The New Age

REMGRO has acquired the entire Unilever spreads business in Southern Africa for at least R11.9bn as a result of full ownership exchange. The transaction will be settled by R4.9bn in cash and an acquisition of 100% of the spreads business, valued at R7bn, totalling R11.9bn. “Remgro has agreed to dispose of its 25.75% interest in

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