Nick Wilson
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Apart from Rainbow Chicken, RCL Foods owns brands Yum Yum peanut butter and Selati sugar.
RCL Foods, which is controlled by Johann Rupert’s Remgro, has taken its first specific steps to unbundle its Rainbow chicken division, flagging on Monday a plan to list it separately.
While CEO Paul Cruickshank was not able to give a specific timeline yet for a proposed separation and listing of Rainbow, he said in an interview after the release of results for the six months to end December 2023 that it would be sooner rather than later.
“We are not talking years here, we are talking months.”
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Copyright for syndicated content belongs to the linked Source : News24 – https://www.news24.com/fin24/companies/remgro-controlled-rcl-plans-to-separately-list-rainbow-chicken-business-20240304