Huge blow for Innscor
….as Supreme Court revokes merger deal
LIVINGSTONE MARUFU The Supreme Court’s decision to revoke Innscor Africa Limited’s merger deal with Profeeds, citing concerns that it would breach competition laws and create a monopoly in the stockfeed industry, has dealt a severe blow to the publicly traded conglomerate. The diversified group has since been ordered to sell off its 49% stake in Profeeds and pay a…
