News 2010

Quarter 4, 2010

Libstar exercises its call option to increase its shareholding in Chet to 100% and reaches an agreement to purchase a further 20% interest in Rialto. Libstar also increases its Amaro shareholding to 70%.

Lereko Metier acquires 50.1% of Oricol Environmental Solutions in a buyout alongside management of the SA waste services business of the Veolia group.

Quarter 3, 2010

Libstar concludes the acquisition of 100% of the Cotton King group.

LMCGF invests a further R235 million in South Point by way of a rights issue and convertible bridging loans.

Quarter 2, 2010

Astrapak declares an ordinary dividend of 26.4 cents per share.

Astrapak announces the conclusion of the sale of properties and its Mauritian joint venture to Afripack Consumer Flexibles as the last step of the disposal of some of its non-core businesses to Afripack.

South Point accommodates more than 500 media personnel during the World Cup period.

Kurisani Youth Development Trust participates in the Adcock Ingram BEE scheme.

Quarter 1, 2010

Astrapak implements an internal reorganisation program, reducing the 75 statutory entities in the group down to 19.

Libstar concludes the sale of Finlar Brands (a division of Finlar) which manufactures frozen ready to eat meals under the Italpizza, Green Valley and Nice ‘n Easy brands to the Dr Oetker group.

Solafrica Thermal Energy is formed by Lereko and Metier in association with the Industrial Development Corporation of South Africa to develop solar power projects in the Upington region of the Northern Cape.

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