February 21, 2017 / 12:10 PM / 9 months ago

BRIEF-Tiger Brands says group turnover for 4 months to Jan.31 up 12 pct

Feb 21 (Reuters) - Tiger Brands Limited:

* Group turnover increased by 12 pct for four month period ended 31 january 2017

* Says trading environment remains difficult

* Tiger brands - has decided to dispose of co’s 51 pct stake in its kenyan business, haco tiger brands limited, to its local partner, who holds remaining 49 pct of company

* Says impact of transaction on tiger brands’ earnings, headline earnings and net asset value per share will not be material

* Transaction is subject to a number of suspensive conditions , including receipt of necessary regulatory approvals in kenya

* Impact of transaction on tiger brands’ earnings, headline earnings and net asset value per share will not be material Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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