Hail & Cotton International Group – Boostafrica Traders (Pvt) Ltd sign MOU

Hail & Cotton International Group (HCIG) and Zimbabwean leaf supplier, Boostafrica Traders (Pvt) Ltd (BA) are pleased to announce that they have signed a Memorandum of Understanding in which HCIG will acquire a fifty percent equity stake in BA. The transaction is expected to close by April 2019.

”We believe this investment creates synergies for both companies. The combination will allow us to continue to grow, and provide added value, service and quality to our combined client base,” said Andre Spies, HCIG’s President of International Operations.

Please contact one of the below parties with any questions.

 

Andre Spies

President International Division

Hail & Cotton International BV

a.spies@hailcotton.com

Tel: +31 653 129 641

 

Haaken Mordt

Director

Boostafrica Traders (Pvt) Ltd

mordth@boosttobacco.com

Tel: +263 772202597