Split should be pos­i­tive

Finweek English Edition - - MARKETPLACE SIMON SAYS - Ed­i­to­rial@fin­week.co.za

Bid­vest has an­nounced the de­tails of the split­ting of the com­pany into two. If you hold Bid­vest at the close on 27 May you will be en­ti­tled to re­ceive one new Bid­Corp share for ev­ery Bid­vest share you hold. The new Bid­Corp will hold Bid­vest Food Africa and Bid­vest Food Prop­er­ties and the gen­eral view is that they should trade at a pre­mium, but ul­ti­mately the mar­ket will de­cide on the val­ues. That said, I do ex­pect this trans­ac­tion to be pos­i­tive for share­hold­ers.

happy to pay.

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