RA International Group PLC RA International Expands Operations in Mozambique (3594T)
March 20 2019 - 3:02AM
UK Regulatory
TIDMRAI
RNS Number : 3594T
RA International Group PLC
20 March 2019
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its
subsidiaries, the "Group")
RA International Group PLC Expands Operations in Mozambique
RA International Group PLC (AIM: RAI), a leading provider of
services to remote locations in Africa and the Middle East, is
pleased to announce the Group has significantly expanded its
operations in Mozambique. The Group has successfully concluded an
agreement to acquire a 150,000 m(2) parcel of land in Northern
Mozambique and aims to commence building a large camp facility
within months, in support of the upcoming gas projects in the
region. Negotiations are already underway with potential anchor
tenants.
In addition, the Group has successfully acquired a 49%
shareholding in Royal Food Solutions S. A (RFS), a family-owned
Mozambique based provider of integrated facilities management
services. RFS currently provides catering services to Mozal, KPMG,
and Vodacom, making it the premier catering contractor in the
country. The strategic investment in RFS will enhance the Group's
ability to provide fully integrated camp services in Mozambique and
RA International's enlarged presence in the region will position
the Group well to capitalise on future opportunities.
Soraya Narfeldt, CEO of RA International, commented: "We are
pleased to be increasing our strategic presence in Mozambique,
which follows a detailed analysis of the potential opportunities
available to RA International in the region. The land purchase and
proposed establishment of a camp facility will result in the
Company having a sizeable footprint in Mozambique which delivers on
our geographical diversification plans.
"The acquisition of a stake in Royal Food Solutions will combine
both companies' strengths, capabilities and local knowledge. We
look forward to working with the RFS team and within the
community."
* * * * *
Enquiries:
RA International Group PLC Via Hudson Sandler
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser
and Broker)
Beth McKiernan +44 (0)131 220
Derrick Lee 6939
Hudson Sandler LLP (Financial PR & IR) +44 (0)207 796
Daniel de Belder 4133
Nelly Akpaka rainternational@hudsonsandler.com
About RA International
RA International is a leading provider of services in remote
locations across Africa and the Middle East. It specialises in
three service verticals: construction; integrated facilities
management; and supply chain. It has a strong and loyal customer
base, largely comprising UN agencies, western governments and
global corporations.
The Group provides comprehensive, flexible, mission critical
support to its clients enabling them to focus on the delivery of
their respective businesses and services. RA International's focus
on integrity and values alongside on-going investment in people,
locations and operations has over time created a reliable and
trusted brand within its sector.
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END
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