SOUTH AFRICA: KWV board lowers share proposal
The KWV Board has given ground on the number of shares to be allocated by the KWV Group to a newly proposed co-operative structure, following intensive negotiations with a small but powerful group of shareholders. Instead of a 15% stake in the 390 million shares in KWV Limited it has accepted that 10% would be equitable, while the dissenting shareholders - also known as the "Group of Five" - who ironically between them have about a 15% share, accepted that Wijngaard's services proposal should be funded to the tune of R8 million a year for five years and not 10 years.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Ten questions for Diageo - Analysis
- Have spirits companies forgotten the mainstream?
- How craft beer has shattered its US shackles
- New CEO sparks optimism at Coca-Cola - Analysis
- Ashwagandha - The next functional drinks trend?
- Moet Hennessy unaffected by LVMH Dior buy
- BrewDog moves into spirits with LoneWolf launch
- Portman Group heads to Tesco for new chief exec
- Johnnie Walker Bourbon Cask & Rye Finish - NPD
- Remy signs new three-year Russia deal with Roust
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Craft Beer: Coming of Age or Past Its Prime?
- Myanmar - ISA Country Report