Subscribe & Follow

Advertise your job vacancies

HCI has acquired a 33.9% stake in KWV

8 Feb 2011

Investment holding company Hosken Consolidated Investments announced on Monday, 7 February 2011 that it had acquired a 33.9% stake in KWV Holdings for R274.12 million.

The company said it funded this deal out of its existing cash resources.

KWV operates in the wine and brandy industry.

Earlier today in a separate statement, Zeder Investments said it had accepted an offer by HCI to buy out its 31.8% shareholding in KWV.

Zeder is an investment company that focuses on the agricultural, food, beverages, food processing and related sectors.

The purchase consideration payable by HCI to Zeder is R11.80 per KWV share, to be settled in cash.

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