(“RA International” or the “Company” and, together with its subsidiaries, the “Group“)
RA International Group PLC Expands Operations in Mozambique
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.”
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RA International Group PLC
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Via Hudson Sandler
Cenkos Securities PLC (Nominated Adviser and Broker)
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.