KWV minorities await KPMG report

Via IOL Business | 16 Jan 2012 - 05:00:00

The long-standing controversy surrounding the value of wine and spirits group KWV looks set to rear its head again with the release of KPMG’s report on the “fair and reasonableness” of Hosken Consolidated Investment’s (HCI) R8.50 a share offer to KWV’s minority shareholders. Minority shareholders have indicated that they are unhappy with the offer and believe it attaches no value to the valuable art and property owned by KWV. Source