Competition Tribunal approves Clover’s acquisition by Milco SA

SOUTH AFRICA – South Africa’s Competition Tribunal has approved the US$343.95m (R4.8bn) takeover of South Africa’s branded foods and beverages group Clover Industries Limited by Milco SA. The consortium Milco SA led by Tel Aviv-based […]

BEEMilk to replace Brimstone Investment in Clover acquisition deal

SOUTH AFRICA – Brimstone Investment Corporation, a South African investment firm, has announced that BEEMilk will be replacing it in the proposed acquisition of Clover Industries, where it was set to hold a 15% stake. […]

Clover Industries to rise above tough trading condition in year to June

SOUTH AFRICA – Clover Industries Limited, South Africa’s leading dairy-based foods and beverages manufacturer, says it will return to profits in the year ending June 2019 after posting after tax loss in the previous year. […]

Brimstone exits Clover buyout deal following criticism from anti-Israel group

SOUTH AFRICA – Brimstone Investments Corporation, a South African investment firm has announced that it will not participate in the US$343.95 million acquisition deal of South Africa’s largest dairy firm, Clover Industries. Brimstone’s decision to […]

Clover shareholders to approve US$332m takeover bid from Milco

SOUTH AFRICA – South Africa’s leading dairy producer and branded foods company, Clover Industries Limited said that its shareholders are set approve the more than US$332 million buyout offer from Milco by the end of […]

South Africa’s Clover Industries receives US$359m buyout bid

SOUTH AFRICA – The Johannesburg Stock Exchange (JSE) listed branded foods and beverages company, Clover Industries has received a buyout offer from investors for a cash consideration that values the company at US$359.88 million. The […]