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Billionaire Johann Rupert s Remgro to sell stake in TotalEnergies

Billionaire Johann Rupert s Remgro to sell stake in TotalEnergies
businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.

Regulator approves Heineken s control of Namibia Breweries …conditions set to protect local market and employees

The acquisition of Namibia Breweries Limited Investment Holdings and Distell Group Holdings by a massive Dutch brewer, Heineken International BV, has been approved with certain conditions by the Namibian Competition Commission (NaCC). 

Mediclinic accepts R75 billion bid from SA s richest man Johann Rupert

Mediclinic accepts £3 7 billion bid from billionaire Rupert

Mediclinic accepts £3 7 billion bid from billionaire Rupert
businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.

Who can exercise minority rights in fundamental transactions and is it necessary to hold separate scheme meetings?

A decision of the High Court (Western Cape Division, Cape Town) deals with the questions of who can exercise minority rights in fundamental transactions and in what circumstances separate scheme meetings should be convened. On 13 April 2022, in the matter of Sand Grove Opportunities Master Fund Ltd and Others v Distell Group Holdings Ltd and Others, the High Court of South Africa (Western Cape Division, Cape Town) ruled on a number of issues, including standing (the right) to bring applications in terms of section 115(3)(b) of the Companies Act, 2008 (Act); whether the courts enjoy a power to condone non-compliance with the 10 business day time limit prescribed in that section; and when separate meetings need to be convened for holders of different classes of securities.

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