South Africa's largest food group Tiger Brands (TBS) is looking to unbundle and list retail group Spar by late October or early November, subject to shareholder approval, a Tiger Brands spokesperson confirmed.

Earlier in the year, Tiger Brands announced its intention to list Spar by the end of the 2004 calendar year.

At 17h00, on the JSE Securities Exchange South Africa (JSE) shares in Tiger Brands were quoted at 89.90 rand, up 150 cents or 1.7% from the stock's Friday close.

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