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Johannesburg - Hosken Consolidated Investments (HCI) is, through a wholly-owned subsidiary, to acquire 25.1% of diary group
Clover Industries Limited (CIL) for R91.8m.
In addition, to injecting additional share capital into Clover, the transaction also introduces HCI as a broad-based black economic partner to the dairy products company.
HCI said the parties had a long-standing business relationship with each other and that the company was broadening its strategic investment interests into the food sector.
