S.Africa's Bidvest bought 17 pct stake in Tiger


JOHANNESBURG, Jan 21 (Reuters) - South African diversified industrial group Bidvest has bought a 17 percent stake in auto parts firm Tiger Wheels for 239.9 million rand and held an option to increase its holding to around 20 percent, the group said on Friday. Bidvest said in a statement to the Johannesburg Securities Exchange that it had acquired 10.2 million Tiger Wheels shares at 23.52 rand per share. It had an option to buy a further 1.8 million shares at 25 rand. The interests of the ...

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