Bidvest share price drops after writing down Comair
01 June 2020 - 14:25
Bidvest, which owns more than a quarter of aviation group Comair, had its worst day in six weeks on the JSE after it said on Monday that it has fully written down its investment in the airline.
The company’s share price fell 5.83% to R143, its biggest drop since April 16, after it said in a trading statement that recognised a gross capital impairment of R232m, while its share of Comair’s operating losses was R209.7m...
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