PIC seeks independent valuation in US$359m Karan Beef acquisition deal

SOUTH AFRICA – The Public Investment Corporation is in the process of getting an independent valuation for its bid in acquiring a majority shareholding in Africa’s largest feedlot, Karan Beef. In October last year, the […]

Commission approves Karan Beef Holdings merger

SOUTH AFRICA – The proposed merger of Karan Beef Holdings with Karan Beef and Karan Beef Feedlot was approved by the Competition Tribunal with certain conditions reports, Fin 24. Karan Beef Holdings is a newly […]

Karan Beef and PIC deal to go ahead despite collusion fine

SOUTH AFRICA – The Competition Commission has said that Karan Beef’s collusion fine may unlikely affect its buyout deal with the Public Investment Corporation (PIC), reports Business Day. “In no way does this investigation into […]

PIC and Pelo agrees to buy Africa’s largest feedlot Karan Beef for US$365m

SOUTH AFRICA – The South African state owned entity, Public Investment Corp. and black-owned investment firm Pelo Agricultural Ventures have acquired a majority stake in Karan Beef, which operates the largest cattle feedlot and abattoir […]