Lion Match looking to acquire over 35% of Beige

November 2, 2011

Johannesburg, Nov 2 (I-Net Bridge) -Beige Holdings (BEG), a leading contract manufacturer and distributor of cosmetics, soaps, household products, toiletries, laundry soaps and allied bath and body care products for South African and international markets, said on Wednesday it had received notice that The Lion Match Company (Proprietary) Limited, a BBBEE company, had entered into an agreement to acquire Thebe Investment Corporation's shareholding in Beige.

The shareholding comprises 562,841,737 ordinary shares in Beige, which constitutes a shareholding in excess of 35% of the entire issued ordinary share capital of the company, net of treasury shares.

Read More