Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

KWV Holdings  // Browsing posts in KWV Holdings

9 Feb 2012 KWV Holdings

KWV MULLS RELEASE OF HERITAGE ASSET VALUE

The board of wine and spirits group KWV will consider publishing the details of the valuations of its valuable heritage assets with its interim results, which are due out later this month. The publication of the valuation details will assist the minority shareholders in deciding whether or not to accept the R8.50 a share offer […]

Read more...

9 Feb 2012 KWV Holdings

NOT WORTH THE TROUBLE

In roughly six weeks, the results of the 850c/share mandatory offer from Hosken Consolidated Investments (HCI) to KWV shareholders will be published. If HCI elicits a serious response there will be much conjecture (and scurrying through the shareholder register) to figure out which shareholders capitulated cheaply. If HCI ends up garnering only a handful of […]

Read more...

31 Jan 2012 KWV Holdings

HCI’S OFFER FOR KWV IS UNFAIR, SAY DIRECTORS

The independent members of the KWV board have told KWV shareholders that the R8.50 a share offer from Hosken Consolidated Investments (HCI) is not fair. The offer is between 34 percent and 50 percent below the valuation range determined by KPMG, the details of which are included in the shareholder circular that was sent to […]

Read more...

27 Jan 2012 KWV Holdings

IS KWV’S CIAO A NEW STRATEGY

STRUGGLING Paarl-based liquor group KWV has finally shifted away from its (over)reliance on its wine and brandy ranges with a much anticipated shift into the Ready-to-Drink (RTD) market. In November last year KWV launched ‘Ciao’, a real fruit juices range infused with a selection of sprits that will be available in cartons in three variants […]

Read more...

26 Jan 2012 KWV Holdings

HOSKEN SAYS IT WON’T RAISE OFFER FOR KWV, WILL ‘FIX’ BUSINESS

Hosken Consolidated Investments Ltd., a South African investment company with stakes in businesses from casinos to television, said it won’t increase its offer for KWV Holdings Ltd., the country’s second-largest wine and spirits producer, even after a shareholder reportedly rejected the bid. HCI first acquired a stake in Paarl-based KWV in February last year. On […]

Read more...

24 Jan 2012 KWV Holdings

WITHMORE TURNS DOWN HCI OFFER FOR KWV SHARES

The largest minority shareholder in KWV will not be accepting the R8.50 a share offer from Hosken Consolidated Investments (HCI). Khutso Mampeule, the executive chairman of Withmore Investments – which holds an 18 percent stake in the Paarl-based liquor group, told Business Report yesterday that it would not be taking up the offer because “it […]

Read more...

23 Jan 2012 KWV Holdings

HCI’S BUYOUT OFFER TO KWV INVESTORS INEVITABLE

There was something inevitable about the mandatory buyout offer by empowerment giant Hosken Consolidated Investments (HCI) to minority shareholders of Paarl-based liquor group KWV Holdings. Though the Financial Mail (FM) mentioned this possibility in October, HCI had quietly indicated in competition tribunal hearings in May last year that it intended adding to its 34.95% stake […]

Read more...

16 Jan 2012 KWV Holdings

KWV MINORITIES AWAIT KPMG REPORT

The long-standing controversy surrounding the value of wine and spirits group KWV looks set to rear its head again with the release of KPMG’s report on the “fair and reasonableness” of Hosken Consolidated Investments’ (HCI) R8.50 a share offer to KWV’s minority shareholders. Minority shareholders have indicated that they were unhappy with the offer and […]

Read more...

22 Dec 2011 KWV Holdings

HCI BUYS BALANCE OF KWV SHARES

Hosken Consolidated Investments subsidiary, HCI-KWV Holdings, has made a mandatory offer to buy the shares it does not already own in KWV — once the jewel of the Cape drinks industry HCI’s indirect shareholding in KWV has risen to more than 35%, and HCI is required in terms of the takeover regulations of the Companies […]

Read more...

22 Dec 2011 KWV Holdings

HCI MAKES OFFER FOR REMAINDER OF KWV

Johannesburg, Dec 21 (I-Net Bridge) – HCI-KWV Holdings Proprietary Limited, a subsidiary of Hosken Consolidated Investments (JSE:HCI) (HCI), has made a mandatory offer to acquire all of the ordinary shares in KWV that it does not already own. HCI recently increased its indirect shareholding in KWV to 35.01% (net of treasury shares) subsequent to the […]

Read more...