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Mergers, Acquisitions & Divestments

Abraaj plans Libstar IPO - source

SOUTH AFRICA - Abraaj Group is planning an initial public offering of South African food and personal care maker Libstar, which may value the firm at as much as $1bn, according to people familiar with the matter.

GEPF, ETG Inputs Holdings talk merger

ZAMBIA - Government Employees Pension Fund (GEPF) and ETG Input Holdings Limited, a global integrated agricultural supply chain group, intend to merge and have applied to competition and consumers protection bodies for approval.

Municipality to buy Rainbow Chickens’ poultry farms

SOUTH AFRICA - In a bid to help workers and community members affected by the mass lay-offs at Rainbow Chickens – renamed RCL Foods – in Hammarsdale in KwaZulu-Natal, the eThekwini Municipality has offered to buy two of the RCL farms to produce free-range indigenous fowls for the local and regional market.