Dairibord to exit Malawi in June

LISTED milk processor, Dairibord Holdings Limited Zimbabwe (DHL) says it expects to exit Malawi in June this year and is in talks with potential investors to buy its equity in the subsidiary.

DHL purchased 60% equity into the Blantyre operations of the former State-owned Malawi Dairy Industries at privatisation in 1998. The government of Malawi retained 40% shareholding in the new company.

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