JSE-listed Brimstone Investment Corporation is reviewing its participation in the proposed buyout of Clover Industries, following an outcry by human rights and Palestine solidarity organisation BDS South Africa. Clover and Brimstone separately reported on Monday that Milco SA – a new company formed by a consortium of international investors, black-controlled Brimstone Investment Corporation and the management of Clover – is offering to acquire all shares in Clover at R25 a share, valuing the company at R4.8-billion.
Brimstone second-guesses Clover deal following BDS outcry
2019-02-07T15:53:12+00:00February 7th, 2019|