International Consortium Announces Cash Offer for 100% of Clover

February 2019 – Milco, a new company formed by a consortium of international investors, South African black-controlled investment company, Brimstone Investment Corporation Limited (“Brimstone”) and the management of Clover (“Consortium”), today announced their cash offer to acquire all the issued shares of Clover Industries Limited (“Clover”) for R25 per share, valuing the company’s equity at R4.8billion. In addition, shareholders will benefit from any FY2019 interim dividend payable to them.

Full Press Release: here