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Karan Beef Merger Approved with Conditions

17 January 2019

SOUTH AFRICA - The proposed merger of Karan Beef Holdings merger with Karan Beef and Karan Beef Feedlot was approved by the Competition Tribunal on Wednesday with certain conditions.

Karan Beef Holdings is a newly incorporated special purpose entity, established for the proposed transaction.

Karan Beef is involved in cattle slaughtering, deboning, packaging and selling beef carcasses and cuts.

Karan Beef Feedlot purchases calves from breeders and feeds them a special feed until maturity.

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Source: Fin24

TheCattleSite News Desk

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