Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Imperial to Use CIC as Platform to Expand into Africa, CEO Says

Don't Miss Out —
Follow us on:

Nov. 3 (Bloomberg) -- Imperial Holdings Ltd. will use the 724 million rand acquisition of CIC Holdings Ltd., which provides retailers with merchandising services, to expand its business in Africa, Chief Executive Officer Hubert Brody said.

Imperial may increase CIC’s presence on the continent in “interesting markets” where it currently doesn’t operate, such as Angola, Tanzania, Zimbabwe and Kenya, Brody said in an interview in Johannesburg today, after the company’s annual general meeting.

Imperial remains acquisitive and expects to announce a “small, bolt-on” acquisition in the next few months, he said.

Link to Company News:{CCI SJ <Equity> CN <GO>} Link to Company News:{IPL SJ <Equity> CN <GO>}

To contact the reporter on this story: Nicky Smith in Johannesburg at

To contact the editor responsible for this story: Vernon Wessels at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.