HARARE – Cairns Holding Limited (Cairns) plans a debt to equity swap deal as part of strategies to rescue the financially troubled food processor. If implemented, the transaction could see banks — including NMB and Stanbic — becoming major shareholders in Cairns. Cairns, the manufacturer of once popular Willards snacks, is saddled by an $11…
To access this content, please purchase a subscription by clicking the button below and select a package of your choice!
Subscriptions