A battle royal is looming over the proposed payout to dissenting KWV minority shareholders following the sale of the company’s operational assets to Vasari Global, a company controlled by Vivian Imerman. Activist shareholder Albie Cilliers says the R13.47 per share he is being offered is nowhere close to representing the real value of KWV. Cilliers says the shares are worth at least R20-R21 each. After being batted off by KWV’s former CEO Andre van der Veen, he is now preparing to apply to court for a determination of the "fair value".
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.