Bidvest Group Ltd (BVTJ.J)
2 Sep 2014
|Market Cap (Mil.):||R95,508.94|
|Shares Outstanding (Mil.):||331.24|
* Headline EPS at 1,723 cents, against forecast of 1,751 cents (Recasts, adds CEO comment, background)
Aug 25 - Bidvest Group Ltd and Community Investment Holdings Proprietary Ltd (CIH):
(Adds Etihad, EBay, Hyder, Bidvest Group and Deutsche Bank)
* Bidvest intends to lift holding to over 50 pct -document
JOHANNESBURG, Aug 21 - South Africa's Bidvest Group is considering increasing its stake in ailing local drugmaker Adcock Ingram to above 50 percent, a legal document from the Competition Tribunal obtained by Reuters showed.
JOHANNESBURG, Aug 21 - South African competition authorities have ordered Bidvest to refrain from cutting jobs at Adcock Ingram, dealing a blow to the conglomerate's plan to turn around the ailing drugmaker in which it hold more than a third stake.
JOHANNESBURG, Aug 5 - South Africa's No.2 drugmaker Adcock Ingram will post a loss in the first nine-months of its fiscal year, it said on Tuesday, a sign a turnaround plan led by top investor Bidvest is yet to gain traction.
* Bidvest Acquires controlling interests in Gruppo Dac S.P.A. and PCL 24/7 Ltd
* Latest resignation after Bidvest became top shareholder (Adds analyst comment)