Zambeef Products PLC, a Zambian company listed on the Lusaka Securities Exchange and the London Stock Exchange, has addressed recent media reports regarding the potential sale of its Chiawa Farm. The company clarified that no sale has occurred and assured shareholders that it will follow due process and notify the market if a successful offer is received. Zambeef is a leading integrated cold chain food products and agribusiness company, with operations in Zambia, Nigeria, and Ghana. It is involved in primary production, processing, distribution, and retailing of various food products, including beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed.
The company operates 236 retail outlets throughout Zambia and West Africa and is one of the largest suppliers of beef in Zambia. It has significant capacities in beef, chicken, and pork production, with multiple abattoirs, feedlots, and processing plants. Additionally, Zambeef is involved in cereal row cropping operations, with extensive irrigated and rainfed/dry-land crop areas. The company emphasized its commitment to providing further updates to shareholders and obtaining relevant approvals if a successful offer for the Chiawa Farm is received.
For further information, interested parties can visit the company's website or contact the provided representatives. Zambeef Products PLC remains dedicated to its operations and maintaining transparency with its shareholders and the market.