Breaking News

Nomura, MUFJ-MS, Goldman, JPMorgan to Lead Japan Post IPO
Tweet TWEET

HCI to Buy KWV Stake for Less Than Pioneer Bid, Bus. Report Says

Hosken Consolidated Investments Ltd. may buy a 34.9 percent stake in KWV Holdings Ltd. for 11.80 rand a share, less than an aborted 12 rand a share offer from Pioneer Food Group Ltd., Business Report said, without saying where it got the information.

HCI is set to buy the shares from Zeder Investments Ltd., the Johannesburg-based newspaper said. HCI Chairman Marcel Golding declined to comment while KWV Chairman Thys du Toit said he knew nothing about a transaction, Business Report said.

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.