StockMarketWire.com - Services provider to remote locations RA International Group said it had significantly expanded its operations in Mozambique.

The company said it had agreed to acquire a 150,000 square metre parcel of land in country's north.

It aimed to commence building a large camp facility within months, in support of an upcoming gas projects in the region

Negotiations were already underway with potential anchor tenants, the company said.

RA International also said it had acquired a 49% shareholding in Mozambique facilities management company Royal Food Solutions, for an undisclosed sum.

'We are pleased to be increasing our strategic presence in Mozambique, which follows a detailed analysis of the potential opportunities available to RA International in the region,' chief executive Soraya Narfeldt said.


At 9:30am: [LON:RAI] RA International Group Plc share price was 0p at 37.5p



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