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Home » Dairibord offloads Malawi unit
Companies & Markets

Dairibord offloads Malawi unit

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DAIRIBORD Holdings (Dairibord) says it was forced to let go of its Malawi unit by the adverse economic situation in Zimbabwe after it failed to leverage its “clean” balance sheet to rescue the ailing subsidiary. The Zimbabwe Stock Exchange-listed milk processor announced last week that it was offloading Dairibord Malawi following consistent weak performance of…

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