- Zambeef (ZAM) is to receive $65m of investment from CDC Group, which would subscribe for shares in the Zambian agri-business.

This would give CDC a 17.5% holding, and voting rights of almost 35% over equity.

Proceeds would be used to refinance $38m of debt and to buy out the shares it did not own in JVs with a company called RCL.

At 9:41am: [LON:ZAM] Zambeef Products PLC share price was +2.75p at 10.75p

Story provided by