Dongwon Group acquires African cannery

Dongwon Group, a top-tier conglomerate in the food and the financial sectors, plans to invest USD 21 million into Senegal to buy a cannery.

The Seoul-based group signed an investment deal Friday with its Senegalese counterpart to take over SNCDS, one of the leading canneries in the African country.

Dongwon Group Chairman Kim Jae-chul participated in the signing event along with Senegal’s Minister of Maritime Economy Khouraichi Thiam, SNCDS Chief Executive Ousseynou Ndiaye and Presidential secretary Abdoulaye Kamara.

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