Advertise your job vacancies

Subscribe & Follow

Interviews

Jobs

Loans Servicing Manager Rosebank
Direct Sales Account Executive Cape Town
Media Operations Coordinator Johannesburg
C# Software Developer Johannesburg
Junior Structural Engineer Johannesburg
Senior Solutions Architect Johannesburg
Print Estimator Johannesburg
Mid–Senior Digital Experience Designer (Web) Cape Town
Intermediate TO Senior Software Engineer Sandton
Lecturer School of Law Centurion

Bidvest board decides not to pursue listing of Foodservice operations

Bidvest (BVT) on Monday, 3 November 2014, said its board had concluded that the potential listing of its Foodservice operations would not be pursued.

3 Nov 2014

Bidvest board decides not to pursue listing of Foodservice operations

Early in September the company informed its shareholders that it had appointed Barclays Bank and Investec Bank to perform a preliminary evaluation of the merits of listing the company's Foodservice operations on the London Stock Exchange‚ including an inward secondary listing on the JSE.

"Following the conclusion of the preliminary evaluation of the potential listing as well as a review of the strategic positioning of the Bidvest Group as a whole‚ the board has concluded that the potential listing will not‚ in current circumstances‚ be in shareholders' best interest‚" it said.

"The strategic review has identified new opportunities in regard to the group's operations‚ which will be pursued over time. The board strongly believes that enhancement of shareholder value will best be served by continued focus on the strategic objective of increasing Bidvest's scale through organic expansion and acquisitions both locally and internationally‚" the company said.

Source: BDpro via I-Net Bridge

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za