Mmegi

Major EU firm snaps up stake in Phikwe Citrus

Ramping up: The Phikwe Citrus Project has attracted a major new investor PIC: SPC FACEBOOK
Ramping up: The Phikwe Citrus Project has attracted a major new investor PIC: SPC FACEBOOK

Selebi-Phikwe Citrus (SPC) is finalising a transaction to sell a 33% stake in the business to European agricultural giant, Citrico Global, for $12 million (P165.6 million).

According to available public records, SPC is 75.58% owned by Zapemm B.V., with the balance held by local business tycoon, Ramachandran Ottapathu.

The deal is set to provide a powerful boost to SPC’s ambitions of expanding its operations and deepening Botswana’s footprint in international agricultural markets.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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