CSC recapitalisation deal edges close

THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said.

Marapira told NewsDay that the recapitalisation deal, which has attracted “more than six” partners, was almost done.

“We have engaged some partners, with whom we are finalising the recapitalisation of CSC and after that, CSC would be the main buyer of cattle and it will help in restocking as well, and at the same time, each farm will do fattening and would be an exporter and wholesaler of meat for the country,” he said.

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