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Johannesburg - South African dairy foods maker Clover, due to list on the Johannesburg Stock Exchange on Tuesday, is interested in bidding for wine and spirits maker KWV, Clover's chief executive told the Business Day newspaper.
Pioneer Food Group [JSE:PFG] has already said it plans to buy KWV for R828m to diversify its revenue streams. "I thought about it. I have followed it with interest. I wonder why they would choose Pioneer to unlock value and not Clover," chief executive Johann Vorster was quoted as saying in the report published on Monday.
Clover officials could not immediately be reached for comment. Pioneer's offer for KWV also faces competition from UK-based spirits maker Halewood International, the paper said.
Pioneer Food Group [JSE:PFG] has already said it plans to buy KWV for R828m to diversify its revenue streams. "I thought about it. I have followed it with interest. I wonder why they would choose Pioneer to unlock value and not Clover," chief executive Johann Vorster was quoted as saying in the report published on Monday.
Clover officials could not immediately be reached for comment. Pioneer's offer for KWV also faces competition from UK-based spirits maker Halewood International, the paper said.
