S.Africa's NAIL receives bid from black-led groups

Newswire

JOHANNESBURG, July 24 (Reuters) - South African media group New Africa Investments Ltd (NAIL> said on Thursday it had received an unsolicited 9.0 rand a share cash takeover bid from a consortium including its chief executive Saki Macozoma. The black-led firm, which also has interests in financial services and car rental, said the consortium had made a firm intention to acquire 100 percent of NAIL's issued shares. The consortium comprises Investec Bank Ltd , Tiso Group Ltd, Macozoma's ...

Premium Content (PAID Subscription Required)

"S.Africa's NAIL receives bid from black-led groups" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×