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KWV Holdings  // Browsing posts in KWV Holdings

21 Oct 2016 KWV Holdings

MARKET WATCH: POUR US A DIVIDEND PLEASE

Long-suffering shareholders in unlisted liquor group KWV Holdings will be cheered by the news that the sale of the company’s operating assets to Vivian Imerman’s Vasari has finally been concluded. Asset-rich but operationally poor, KWV has been a test of endurance for the many investors that lived in hope that the underlying value — sometimes […]

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18 Oct 2016 KWV Holdings

KWV SOLD TO GLOBAL INVESTMENT FIRM

Vasari, the unlisted UK-based investment group headed up by Vivian Imerman, has completed its acquisition of the operational assets of South African wine and spirits producer KWV for R1.15 billion. The acquisition, announced in May 2016, was finalised after securing shareholder support and a nod from the South African Competition Commission. “KWV is a strategic […]

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1 Aug 2016 KWV Holdings

KWV TO WEIGH OPTIONS AFTER ASSET SALE

SHAREHOLDERS in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon. At a meeting on Friday, shareholders approved proposals to sell KWV’s operating assets to international businessman Vivian Imerman’s Vasari group for R1.15bn. Former stockbroker Greg Blank, shareholder activist Chris Logan and former KWV CEO Thys Loubser were some of […]

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29 Jul 2016 KWV Holdings

COMPANY COMMENT : KWV

MINORITY shareholders in unlisted KWV Holdings will hope Friday’s shareholder meeting provides clarity on the Paarl-based liquor company’s intentions for the R1.1bn offered in the sale of its operating assets to Vivian Imerman’s Vasari. Vasari will pay off the purchase price in equal instalments over 36 months. In the meantime, KWV will be left clutching […]

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8 Jul 2016 KWV Holdings

KWV WINS ‘WORLD’S BEST PRODUCER’ TROPHY AND ‘WORLD’S BEST BRANDY’ AT ISC

KWV won the prestigious title of World’s Best Brandy/Cognac Producer for the second year and World’s Best Brandy for its KWV15, beating Cognacs and brandies from 70 countries at the 2016 International Spirit Challenge (ISC) awards function in London last night. KWV is the only producer to ever win the coveted Best Producer title twice […]

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8 Jul 2016 KWV Holdings

MARKET WATCH : KWV

It’s been six weeks since long-suffering shareholders of KWV Holdings toasted proposals to uncork the rich asset values of the Paarl-based liquor company. But this week shareholders perusing the circular outlining Vasari Global’s R1.1bn offer for KWV’s operating assets would have sobered up smartly. The circular makes provision for any dissenting KWV shareholders to exercise […]

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4 Jul 2016 KWV Holdings

MINORITIES COULD THWART R1.15BN KWV DEAL

THERE might be an unexpected twist to a R1.15bn deal proposing the sale of liquor group KWV Holdings’ operating assets to Vasari Global, an international company aligned to consumer goods magnate Vivian Imerman. If a large number of minority shareholders attempt to exit KWV at a fair value price through an appraisal rights option, there […]

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30 Jun 2016 KWV Holdings

KWV SHAREHOLDERS GET OFFER THEY CAN TOAST

THE end might finally be in sight for the long-suffering minority shareholders in KWV, the Paarl-based liquor company whose brands include Roodeberg and Cathedral Cellar. A group controlled by businessman Vivian Imerman is offering R16.91 a share for KWV’s operating assets. Imerman’s company, Visari, will not be buying KWV’s heritage assets, which include properties around […]

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1 Jun 2016 KWV Holdings

VASARI HAS BIG AMBITIONS FOR KWV

THE new controlling shareholder of liquor group KWV Holdings will have its work cut out to fortify profits in the brandy sector. Last month, Vivian Imerman’s Vasari proposed a more than R1.1bn deal to buy out the operating assets of KWV, which is controlled by Hosken Consolidated Investments-aligned Niveus Investments. The deal is still to […]

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16 May 2016 KWV Holdings

FORMER WHYTE & MACKAY OWNER BUYS INTO KWV

Vasari Global, an investment group run by a former Whyte & Mackay CEO, is set to buy a controlling share of South African wine and spirits maker KWV. It was confirmed last week that Vasari would acquire the operational assets of KWV – amounting to 57% of the company – from current owner, Hosken Consolidated […]

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