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Foodfund to retain 50pc stake in Simbisa acquisition

HARARE – United Arab Emirates-based fast-food group, Foodfund International (Foodfund’s) existing shareholders are set to retain a 50 percent stake as quick service restaurant operator, Simbisa Brands, moves to acquire the casual and fine dining concern. Simbisa yesterday said following its board’s approval of resolutions to acquire Foodfund in exchange for an issuance of Simbisa…

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