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Podcast: WorldWide Markets with Simon Brown
Episode: What's with the 'special' shares? (#447)
Description: Simon Shares Santova (JSE code: SNV) were very solid and they are now truly a global logistics business. Distell (JSE code: DGH) announced that Heineken wants a 'majority' stake in the company. Details are scant with major shareholders being PIC and Remgro (JSE code: REM) both just over 31%. But does the majority mean they want the cider business or +50% of the shares which would trigger a mandatory offer to minorities? This of course after Heineken threatened to take their beer and go home last year during the alcohol ban. hmmm, wasn't it just last year Heineken was hating on...