Breaking News

Endurance Ends $3.2 Billion Hostile Bid for Aspen Insurance
Tweet TWEET

Pioneer Corp. Africa to Issue 800 Million Shares After Unifreight Purchase

Pioneer Corp. (6773) Africa Ltd., a transport company, plans to issue 800 million shares after completing the acquisition of Unifreight Zimbabwe Ltd., the company said.

Pioneer also plans to consolidate shares at a ratio of 10 to 1, the Harare-based company said in a circular to shareholders today. The share issue will bring total authorized shares to 1.4 billion, it said.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.