{"id":25558,"date":"2023-04-14T16:35:18","date_gmt":"2023-04-14T16:35:18","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=25558"},"modified":"2023-04-15T07:05:53","modified_gmt":"2023-04-15T07:05:53","slug":"choppies-wants-a-significant-chop-in-kamoso-arica-group","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group","title":{"rendered":"Choppies wants a significant chop in Kamoso Arica Group"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Choppies Distribution Centre (CDC), has warned the markets about its intention to acquire more shares in Kamoso Africa Group (KAG) aimed at making it a significant player in the southern African region.<\/b><\/p>\n

\u201cWe have already submitted our application to the Competition Authority,\u201d Ramachandran Ottapothu told.<\/p>\n

Choppies is gearing itself to acquire 76 percent of share in Kamoso\u2014 a company focused on manufacturing, supplying and distribution\u2013 which will possibly mobbing shares held by lapef 2Rmbv7 , a company registered in Mauritius holds 45.17 in the target company.<\/p>\n

The other shareholder whose shares are likely to be acquired is Newshelf 1392 (Pty) Ltd registered in Botswana.<\/p>\n

The remaining 24 percent are held by Botswana Development Corporation.<\/p>\n

BDC said its investment in Kamoso is in a bid to aid the Corporation\u2019s quest to build resilient supply chain in \u201cfood and health security in Botswana as well as driving import substitution by significantly ramping up the existing and growing manufacturing business\u201d.<\/p>\n

\u201cBDC also had a view to leverage the networks of co-investors in taking the home-grown business to the regional market, a key milestone in Supporting the Corporation\u2019s international expansion drive,\u201d the Corporation told.<\/p>\n

CDC is the main supplier to Choppies\u2014a company which is dual listed on the Botswana Stock Exchange (BSE) and Johannesburg Stock Exchange (JSE). Choppies operations are sprawled across the southern African region; Botswana, Namibia, Kenya, Mozambique and Zambia.<\/p>\n

While Kamoso is also involved in raft of businesses from food, building materials rice and spice packaging, among others things, across the southern African region, spearheaded from its Gaborone Block 3, headquarters.<\/p>\n

Meanwhile, Competition Authority confirmed that the proposed acquisition is being considered.<\/p>\n

And observers indicated that the move is \u201cnot expected to affected the market landscape since they are buying from a company they already have an interest in.\u201d<\/p>\n

\u201cIt is not like they are buying a rival. This is different because they are buying from the company they already have an interest in,\u201d an observer said.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Choppies Distribution Centre (CDC), has warned the markets about its intention to acquire more shares in Kamoso Africa Group (KAG) aimed at making it a significant player in the southern African region. \u201cWe have already submitted our application to the Competition Authority,\u201d Ramachandran Ottapothu told. Choppies is gearing itself to acquire 76 […]<\/p>\n","protected":false},"author":84,"featured_media":25557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-25558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nChoppies wants a significant chop in Kamoso Arica Group - Botswana<\/title>\n<meta name=\"description\" content=\"Choppies Distribution Centre (CDC), has warned the markets about its intention to acquire more shares in Kamoso Afric ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Choppies wants a significant chop in Kamoso Arica Group\" \/>\n<meta property=\"og:description\" content=\"Choppies Distribution Centre (CDC), has warned the markets about its intention to acquire more shares in Kamoso Afric ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-14T16:35:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-15T07:05:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/04\/postQueueImg_1681466411.80.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1620\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Choppies wants a significant chop in Kamoso Arica Group\",\"datePublished\":\"2023-04-14T16:35:18+00:00\",\"dateModified\":\"2023-04-15T07:05:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/04\/postQueueImg_1681466411.80.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-wants-a-significant-chop-in-kamoso-arica-group\",\"name\":\"Choppies wants a significant chop in Kamoso Arica Group - 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