Famous Brands buys 49% stake in Nigeria's Mr Bigg's

South Africa's Famous Brands has brought a 49 percent stake in Nigeria fast food business Mr Bigg's for an undisclosed amount.

Mr Bigg's is the restaurant arm of UAC of Nigeria Plc, a leading diversified conglomerate with operations in foods, paints, logistics and real estate, and it is a move designed to bolster Famous Brands' presence in the country which is Africa's most populous.

The Mr Bigg's brand is the largest food franchise brand in Africa, north of the South African border. It was established in 1986.

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