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".

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