JOHANNESBURG: Bidvest Group Ltd is seeking deals outside its South African home market and could borrow as much as US$1bil for acquisitions after it spun off its food-services unit last year, its chief executive officer said.
Lindsay Ralphs, the CEO, is plotting Bidvest’s next phase of growth after the Johannesburg-based company spun off Bid Corp Ltd, which is about 40% larger by market capitalisation at 80 billion rand (US$6bil).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
