PIC Acquires Majority Stake in Karan Beef

Posted on 10/25/2018

South Africa’s Public Investment Corporation (PIC) signed a deal to acquire a majority stake in Karan Beef, the country’s largest cattle company for 5.2 billion ZAR (US$ 360 million). PIC acquired the stake alongside Pelo Agricultural Ventures, a black-owned agriculture investment firm. Karan Beef operates the largest cattle feedlot and abattoir on the African continent. […]