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HCI ENTERS NAIL BIDDING FRAY

Delisting hopeful, HOSKEN CONSOLIDATED INVESTMENTS, have suprisingly entered the race for the media assets of NEW AFRICA INVESTMENTS LTD, thus confirming an earlier announcement that Nail had indeed received other bidding offers from the market. Whilst Nail have not yet revealed the amount of the offer from HCI, it is known that the Safika/INVESTEC consortium have planted a firm offer of 900c on the bidding table for all class of shares. Meanwhile the bidding pack of KAGISO MEDIA, JOHNNIC COMMUNICATION and CAXTON remain on the sidelines.

Source: Citizen – Belinda Anderson