THE end might finally be in sight for the long-suffering minority shareholders in KWV, the Paarl-based liquor company whose brands include Roodeberg and Cathedral Cellar.A group controlled by businessman Vivian Imerman is offering R16.91 a share for KWV’s operating assets.Imerman’s company, Visari, will not be buying KWV’s heritage assets, which include properties around Paarl and a valuable art collection, which have been valued at R3 a share.For most of the past year KWV has been trading at about 600c.Although the Visari offer made public on Wednesday values KWV at R19.91 a share, which is a level not seen in several years, it sparked no trading and no price increases.Chris Logan, of Opportune Investments said this reflected the difficulty of trading in the share since the Financial Services Board clamped down on over-the-counter trading two years ago. Since then, KWV share trading has had to be done through the company secretary in a cumbersome manner that is anything but transpa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.