BRIMSTON:  925   0 (0.00%)  19/02/2019 00:00

South African dairy firm Clover shares fall as buyout offer thrown into doubt

JOHANNESBURG, Feb 7 (Reuters) - Shares in South African dairy firm Clover fell 3.7 percent on Thursday after Brimstone Investment Corporation said it would review its role in a potential buyout of the company.

Brimstone, a minority partner in a consortium that offered 4.8 billion rand for Clover earlier this week, said it would revisit its position after opposition from a boycott and divestment group to the participation of an Israeli firm. (Reporting by Emma Rumney; Editing by Jan Harvey)

First Published: 2019-02-07 11:42:27
Updated 2019-02-07 11:51:51


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