American firm seeks stake in Bolux

Bolux has 30 percent market share in local maize meal industry
Bolux has 30 percent market share in local maize meal industry

The Competition Authority (CA) has received a proposal from Seaboard Botswana Holdings to acquire a 49 percent stake in Ramotswa based milling company, Bolux Group.

Seaboard Botswana Holdings is a company registered in the Bahamas, which was established for the purpose of acquiring the minority interest in Bolux Group. It is a wholly owned subsidiary of Seaboard Corporation, a US listed entity with investments globally, in the food processing grain-trading sector.

Nkosi Mwaba, Bolux Group head of corporate affairs, indicated that the purpose of this transaction was to secure an investment and inject capital into the company.  He said Bolux Group operated a plant, which was 30 years old and in need of refurbishment and technological upgrades.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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