Zimbabwe state owned pension fund NSSA to acquire minority stake in Silo Foods

ZIMBABWE – Zimbabwe’s state-owned pension fund, the National Social Security Authority (NSSA) intends to acquire about 35 percent shareholding in Silo Foods Industries, a government owned agro-processing company. According to a latest report on the update of privatisation of state enterprises by the Treasury, Silo Foods is currently undertaking a due diligence exercise and Ernst & Young was appointed transactional advisors, reports The Herald. The Treasury said Global Genesis has since completed the valuation report of Silo Foods and prepared the negotiation strategy document for the technical team to assist in the…

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