SOUTH AFRICA: Black empowerment group close to wine acquisition - reports

By just-drinks.com editorial team | 6 December 2002

A South African black empowerment consortium is reported to be close to acquiring the 50% stake in the Cape winery Neethlingshof , which that is being sold by the German investor Hans-Joachim Schreiber. Distell owns the remaining 50%. According to local press reports it was confirmed last week that Schreiber's stake was up for sale however the company did not name any potential buyers.

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A South African black empowerment consortium is reported to be close to acquiring the 50% stake in the Cape winery Neethlingshof , which that is being sold by the German investor Hans-Joachim Schreiber. Distell owns the remaining 50%. According to local press reports it was confirmed last week that Schreiber's stake was up for sale however the company did not name any potential buyers.

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