May 26, 2016 / 5:36 AM / a year ago

BRIEF-Famous Brands buys Oceana Groups Lamberts Bay Foods

May 26 (Reuters) - Famous Brands Ltd :

* A cquired 100% of business of Lamberts Bay Foods (lbf), a wholly-owned subsidiary of jse-listed Oceana Group Limited (oceana).

* LBF staff who are currently beneficiaries of oceana empowerment trust will not be affected by this transaction and will continue to receive their share of benefits

* Purchase consideration falls below threshold of a categorised transaction in terms of listings requirements of JSE Limited Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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