ARL - Astral Foods Limited - East Balt South Africa acquisition
ARL
ARL
ARL - Astral Foods Limited - East Balt South Africa acquisition
Astral Foods Limited
("Astral Foods")
Registration number: 1978/003194/06
JSE Code: ARL ISIN: ZAE000029757
East Balt South Africa acquisition
Shareholders are advised that Astral Foods has acquired a 50% interest in East
Balt South Africa (East Balt SA) for an undisclosed amount, effective 1 July
2008. The consideration amount for the acquisition is less than 5% of the market
capitalisation of Astral Foods and therefore this announcement is for
information purposes only and does not require shareholder approval. The East
Balt SA acquisition has received approval by the Competition Commission
Authorities.
East Balt SA bakes and sells hamburger buns, English muffins, Kaiser rolls and
other sandwich carriers, primarily for selling to McDonald`s and Kentucky Fried
Chicken outlets in South Africa. East Balt SA, annually, manufactures over 15
million dozen units. The other 50% shareholder in East Balt SA is East Balt of
Africa, LLC an Illinois limited liability company.
Shareholders are reminded that the cautionary announcement, released by Astral
Foods on 9 June 2008, is not related to this announcement and shareholders are
advised that they should continue to exercise caution when dealing in the
company`s securities until a full announcement is made.
Pretoria
2 July 2008
Sponsor
JPMorgan Equities Limited
Date: 02/07/2008 12:20:01 Produced by the JSE SENS Department.
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