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GK enters acquisition mode


GRACEKENNEDY executives last week signalled that acquisitions will be a critical part of the food and financial conglomerate’s growth strategy going forward.

One team focused on purchasing food-related businesses and another on financial services have already been formed, according to group CEO Don Wehby at an investors’ briefing last week.

What’s more, the group’s $34-billion capital base (of which $9 billion was in cash as at December 31, 2013) augurs well for a shift into an acquisitive mood.

Published in the Jamaica Observer
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