TIGER TO SELL 10%

Tiger Brands plans to sell an additional 10percent to black investors after the completion of the unbundling of its healthcare products unit.

Tiger Brands plans to sell an additional 10percent to black investors after the completion of the unbundling of its healthcare products unit.

"Post unbundling, an additional broad-based equity deal of approximately 10percent will be implemented," Peter Matlare, Tiger Brands' chief executive, said at the presentation of the company's interim results yesterday.

Tiger Brands plans to spin off its healthcare asset, Adcock Ingram, by the end of September this year. - I-Net Bridge

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