Loading...
See More

KAP acquires Steinhoff industrial assets

Feb 12 2013 14:57 I-Net Bridge

Company Data

KAP INDUSTRIAL HOLDINGS LIMITED [JSE:KAP]

Last traded 5
Change 0
% Change -3
Cumulative volume 1414807
Market cap 0

Last Updated: 04-03-2015 at 12:47. Prices are delayed by 15 minutes. Source: McGregor BFA

STEINHOFF INTERNATIONAL HOLDINGS LTD [JSE:SHF]

Last traded 66
Change 0
% Change 0
Cumulative volume 13528349
Market cap 0

Last Updated: 04-03-2015 at 02:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

KAP grows profits substantially

Steinhoff to take over JD Group

Steinhoff, Kap in $1.1bn deal

KAP earnings rise as strategy pays off

KAP posts earnings increase

KAP first-half Heps up 22%

 

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.

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Fin24 has teamed up with Ian Mann, ace business book reviewer and author of the best-selling book “Managing with Intent,” to host the second Best Business Books Breakfast of the year where Ian will show you how to lead and attract.
 

Money Clinic

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

Voting Booth

Facebook as a tool for small business is:

Previous results · Suggest a vote

Loading...