Pioneer Corp. Africa to Take Control of Unifreight Zimbabwe

Pioneer Corp. (6773) Africa Ltd. plans to take control of Unifreight Zimbabwe Ltd. in a transaction worth about $7.2 million, Chief Executive Officer Albert Ushe said.

“We are still waiting for final approval from the Competition Commission,” Ushe said in an interview at his office today in Harare, Zimbabwe’s capital.

Pioneer owns transport businesses in Zimbabwe, South Africa, Botswana and Mozambique.

To contact the reporters on this story: Godfrey Marawanyika in Harare at asguazzin@bloomberg.net; Brian Latham in Johannesburg at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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