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Provider: Sadif Analytics Prime

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The Bidvest Group Ltd Announces Termination Of Acquisition Of Brandcorp Holdings (Proprietary) Limited

Monday, 4 Mar 2013 05:08am EST 

The Bidvest Group Ltd announced that with reference to the announcement dated December 3, 2012 in which shareholders were advised that subject to the fulfilment of certain conditions precedent it has entered into an agreement in terms of which Bidvest will acquire the entire issued share capital of Brandcorp Holdings (Proprietary) Limited (Brandcorp) for an undisclosed amount (the Brandcorp Acquisition). Brandcorp is currently controlled by Ethos Private Equity. Due to certain conditions precedent not having been met, shareholders are informed that the parties have mutually agreed not to proceed with the transaction. 

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