KAP INDUSTRIAL HOLDINGS LIMITED - Voluntary announcement: disposal of food assets
KAP 201306210060A
Voluntary announcement: disposal of food assets
KAP INDUSTRIAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1978/000181/06)
Share code: KAP
ISIN: ZAE000059564
(“KAP” or “the Group”)
VOLUNTARY ANNOUNCEMENT: DISPOSAL OF FOOD ASSETS
For information purposes only.
KAP is pleased to announce that, in line with its
strategy to focus on strategic industrial assets within
emerging markets, it has successfully concluded the sale
of its food interests, being Bull Brand Foods (Bull
Brand) and Brenner Mills (Brenner).
Bull Brand has been sold to Rhodes Food Group (Pty) Ltd,
the South African based diversified foods business,
whilst Brenner has been sold to its management in terms
of a management buy-out.
Both transactions are subject to Competition Authorities
approval. KAP will continue to manage the businesses
until such time as the relevant approvals have been
obtained. KAP thanks the management teams for their
efforts and assistance during the sales processes and
wishes them well for the future.
21 June 2013
Stellenbosch
Corporate Advisor to KAP on the Bull Brand sale: Standard
Bank of South Africa
Sponsor to KAP: PSG Capital
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