PSG Buys Botswana’s CA Enterprises, Financial Mail Reports

PSG Group Ltd. (PSG) will buy CA Enterprises, a Botswana-based consumer goods distributor, for 300 million rand ($39 million), the Financial Mail reported.

The investment holding company is looking for other acquisitions in Africa, the Johannesburg-based weekly magazine said, citing Chief Executive Officer Piet Mouton.

To contact the reporter on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

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.