Mauritian-based firm ETG Group gets CTC nod to acquire Dendairy

Tapiwanashe Mangwiro

Zimbabwe’s dairy industry is set for a significant shift after the Competition and Tariff Commission (CTC) approved the proposed acquisition of dairy processor Dendairy by Vamara Group Limited, a subsidiary of Mauritius-registered Export Trading Group (ETG), subject to conditions.

The transaction involves the acquisition of a 100 percent shareholding in Dendairy by Vamara Group while it consolidates ETG’s Zimbabwe footprint.

Dendairy has reportedly navigated significant financial and operational challenges in recent years, leading to recent ownership restructuring.

In 2021, Dendairy was reported to be in discussions to merge with Dairibord, Zimbabwe’s largest dairy producer, but the deal allegedly collapsed over certain structural disagreements.

 

 

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