All data is delayed
Loading...
See More

KAP acquires Steinhoff industrial assets

Feb 12 2013 14:57
I-Net Bridge

Johannesburg – KAP Industrial Holdings [JSE:KAP] has acquired the industrial assets of Steinhoff Africa Holdings in a reverse acquisition‚ in which Kap issued 1‚912.8-million shares to Steinhoff with effect from April 2 2012‚ Steinhoff said in a trading statement on Tuesday.

It said Steinhoff Industrial Assets was treated as the acquirer and KAP as the acquiree.

As a result of this transaction KAP’s fully diluted earnings per share for the six months to end-December 2012 will be 25%-35% higher than the 11.9c of the year-earlier six-month period and KAP’s fully diluted headline earnings per share for the six months ended December 31 2012 will be between 15% and 25% higher than the previous six months (2011: 11.8c per share).

The results for the six months ended December 31 2012 are expected to be published on or about February 18.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

#JunkStatus

So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you have a budget set aside for Easter holiday spending?

Previous results · Suggest a vote

Loading...