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Stanbic IBTC facilitated a strategic partnership between Food Concepts Plc, a Nigerian-based company and Pioneer Foods (South Africa) which culminated in a capital injection of USD7 million into Food Concept’s baked goods business.
Standard Bank is proud to have played a key role in expanding the Oceana Group’s international footprint through its R4.6-billion acquisition of Daybrook Fisheries, a leading fishing company in the USA. The acquisition was completed in July 2015. Oceana is the largest fishing group in Africa, listed on the JSE with a market capitalisation of R14-billion (US$1-billion).