Zambeef (LUSE: ZAMBEEF) announced that it is set to sell its Edible Oils unit ‘Zamanita’ to Cargill Holdings BV in an all-cash deal for K167 million ($25.7 M). The cash sum will be adjusted for estimated closing working capital less estimated net financial debt. The deal is scheduled for completion at the later of 1 May 2015 or first day of the month following the satisfaction of conditions of the transaction. Pangaea Securities is the sponsoring broker and adviser on the deal. Zamanita is one of the largest edible oils plants in Zambia with a crushing capacity of 100,000 MT of oil seed.
Trying to decipher this puzzle that is Zambia by using a variety of publicly available data (structured and unstructured) in conjunction with my own skill/experience. * * *