Tiger Brands extends its gains

Comment on this story
IOL pic june21 economy arrows . Photo: Filomena Scalise

Shares of Tiger Brands rose 2.4 percent to R261.62, extending gains after a 2 percent in the previous session, and leading gainers on Johannesburg's blue-chip index.

Tiger Brands reported after Wednesday's market close that it had reached an in principle agreement to acquire a 63.35 percent stake in Nigerian flour and pasta maker Dangote.

Tiger's shares are up 2.4 percent at R261.64, compared with the a 0.44 percent gain by the Top-40 index. -Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.