S.Africa: Clover also considers making takeover bid for KWV
S.Africa: Clover also considers making takeover bid for KWV
Dec 12, 2010 6
CLOVER, the former dairy co- operative that lists on the JSE tomorrow, is interested in acquiring wine and spirits maker KWV, CEO Johann Vorster said on Friday. Clover, which shed businesses such as bulk cheese and milk powders as part of its transformation into a producer, distributor and merchandiser of branded consumer goods, could easily house alcoholic drinks in its portfolio, Mr Vorster said. "I thought about it. I’ve followed it with interest. I wonder why they would choose Pioneer to unlock value and not Clover?"
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