MICT, Inc. /
Tingo Foods PLC
MICT purchases Tingo Foods in food processing deal
- Terms
- Not stated
- Stage
- Closed
- Seller
- Dozy Mmobuosi
What happened
MICT, Inc. and MICT Fintech Ltd. purchased 100% of the ordinary shares of Tingo Foods PLC from Dozy Mmobuosi. The acquisition closed on Feb. 9, 2023, with consideration satisfied through a secured promissory note for US$204,000,000.
Tingo Foods operates a food processing business with capacity to process and wholesale more than $1 billion of food produce per year.
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MICT purchases Tingo Foods in food processing deal
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