UPDATE 1-S.Africa's Bidvest buys 17 pct stake in Tiger

Newswire

(Adds background, share prices) JOHANNESBURG, Jan 21 (Reuters) - South African industrial group Bidvest has bought a 17 percent stake in auto parts firm Tiger Wheels for 239.9 million rand ($39.45 million) and holds an option to lift 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 has an option to buy a further 1.8 million ...

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