馃嚳馃嚰ZimbabweSouthern Africa
Three Dairibord shareholders consider selling controlling stake to undisclosed buyer
via NewsDay Zimbabwe5 min read
Three major shareholders in Dairibord Holdings Limited, Equivest Asset Management Pvt Ltd, Mega Market Pvt Ltd, and Mutare Mart & Exchange Pvt Ltd, are reportedly in negotiations to sell their combined 51% stake in the company. Dairibord, Zimbabwe's largest dairy and beverages group, issued a cautionary statement advising shareholders and the public to exercise caution when trading its stock, as a successful transaction could significantly impact the share price. The statement did not disclose the identity of the prospective buyer, the proposed purchase price, or whether the negotiations are exclusive. This development follows Dairibord's recent announcement of its intention to delist from the Zimbabwe Stock Exchange and subsequently list on the US dollar-denominated Victoria Falls Stock Exchange VFEX. It remains unclear if these two transactions are linked. Dairibord reported a 12-month revenue of US$137 million as of December 31, 2025, with profit margins at 1.4%, a decrease from 4.2% in the previous year.
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