Acquiring Company
Mega Market (Private) Limited
Acquired Company
Lobels Holdings (Private) Limited
HarareHarareFood and BeverageManufacturingFood and BeverageDescription
Mega Market (Private) Limited has proposed to acquire 100 percent of Lobels Holdings (Private) Limited. This acquisition could significantly enhance Mega Market's presence in Zimbabwe's food value chain. The deal is pending regulatory approval from the Competition and Tariff Commission. If successful, the merger will integrate Mega Market's operations with Lobels' established bread manufacturing network.
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Based on deal dataFrequently asked
Who acquired Lobels Holdings (Private) Limited?
Lobels Holdings (Private) Limited was acquired by Mega Market (Private) Limited, based in Harare. The deal was reported on July 26, 2026. Mega Market (Private) Limited is a diversified fast-moving consumer goods group. It owns Mega Market Milling and has significant investments across various sectors in Zimbabwe. Mega Market (Private) Limited is privately held and operates in Food and Beverage.
When did Mega Market (Private) Limited acquire Lobels Holdings (Private) Limited?
Mega Market (Private) Limited's acquisition of Lobels Holdings (Private) Limited was reported on July 26, 2026. Mega Market (Private) Limited has proposed to acquire 100 percent of Lobels Holdings (Private) Limited. This acquisition could significantly enhance Mega Market's presence in Zimbabwe's food value chain. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lobels Holdings (Private) Limited do?
Lobels Holdings (Private) Limited is one of Zimbabwe's largest bakeries, well-known for its bread production. The company has undergone significant recovery after financial difficulties, enhancing its operations in recent years. It is privately held, operating in Manufacturing, and is based in Harare.
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