Bidvest Group Ltd. (BDVSY) and Northam Platinum Ltd. (NHM.JO)
are two of at least 10 South African companies that could be
acquired by foreign bidders, a Bloomberg News report said Thursday
on its website, citing asset managers.
"Bidvest is a prime target for African growth," Wayne McCurrie,
who helps manage more than $17 billion at RMB Asset Management in
Johannesburg, said in the report.
David Shapiro, head of the securities unit at Sasfin Holdings
Ltd. (SFN.JO), said a Chinese company could bid for Northam to lock
down platinum supplies. "Its Booysendal mine is coming online soon
and it could be a super asset," the report quoted him as
saying.
Other companies that could be up for takeover include Barloworld
Ltd. (BRRAY), AECI Ltd. (AECNY), Aspen Pharmacare Holding Ltd.
(APN.JO), Tiger Brands Ltd. (TBLMY), Blue Label Telecoms Ltd.
(BLU.JO), a Bloomberg BusinessWeek report dated Oct. 4 said.
Overseas bidders are seeking growth opportunities after $15
billion worth of deals were announced by Wal-Mart Stores Inc.
(WMT), HSBC Holdings Plc. (HBC) and Nippon Telegraph &
Telephone Corp. (NTT), the report said.
Full Story:
http://www.bloomberg.com/news/2010-09-30/wal-mart-s-expansion-into-africa-may-start-a-south-african-takeover-spree.html