Shareholders are advised that Bidvest Namibia has, through wholly owned subsidiaries, acquired the entire issued share capital of International Capital Investments (Pty) Ltd, trading as Novel Motor Company (“Novel Motors”) and Lenkow (Pty) Ltd (which owns the Windhoek showroom and service centre premises from where Novel Motors operates) (“the… Continue reading
Namibia Breweries is set to acquire a 25% stake in the Sedibeng Brewery and further its stake in DHN Drinks by 9.5% after Heineken, Diageo plc and The Ohlthaver& List (O&L) Group of Companies, the controlling shareholder of Namibia Breweries Limited (NBS) decided to restructure their respective joint venture operations… Continue reading
NBS will buy Diageo’s 25% stake in Sedibeng, while Heineken will retain their current 75%. Diageo will sell their 42.25% interest in shares of DHN to Heineken and NBS on same terms so they will thereafter each hold shares in DHN in proportions 75%, 25% respectively. Total consideration payable by… Continue reading