Bidvest is a leading trading, distribution and services group, operating through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services and Electrical. The Group owns 52% of Bidvest Namibia and a significant Bidvest occupied property portfolio. Bidvest continues to hold investments in Adcock Ingram (38,4%), Comair (27,2%), Cullinan Holdings (19,5%) and Mumbai Airport (6,75%), as well as other listed and unlisted investments.
In the half year to December 31, 2015, Bidvest achieved 13% growth in headline earnings per share (HEPS) to 1 001,5 cents despite challenging trading conditions, particularly in Southern Africa.
Bidvest successfully unbundled its food service operations and separately listed Bid Corporation Limited (Bidcorp) on the JSE Limited on 30 May 2016.
The Bidvest Group has announced that it will restructure its business operations into three distinct and independent companies, each with its own statutory board of directors comprising senior executive management and independent directors.
Bidvest benefited from an excellent Foodservice contribution in the six months to December 31, 2014, helping to lift headline earnings per share by 5,2% to 886,3 cents.
Bidvest CE Brian Joffe today (Monday Sept 1) reported satisfactory trading results for the year to June 30. He said last quarter trading conditions in South Africa became increasingly disruptive, compounded by prolonged labour unrest and declining consumer demand.
BIDVEST'S half-year results to December 31, 2013 were buoyed by good organic growth resulting in a 16,2% rise in headline earnings per share (HEPS) to 842,3 cents.
Bidvest and CIH have formed a Consortium ("the Consortium") and announced a cash offer to acquire up to 34.5% of the issued ordinary shares in Adcock (excluding treasury shares).
The Bidvest Group Limited (Bidvest) and Mvelaserve Limited (Mvelaserve) have jointly announced that Bidvest will make an offer to Mvelaserve shareholders to acquire those shares Bidvest do not currently own.
BIDVEST, the listed services, trading and distribution group, is to invest R18 million into a UCT-pioneered heart valve concept with the potential to save countless African lives every year.
Bidvest posts a 27,4% rise in headline earnings per share for the year to the end of June 2012. Pleasing trading results were supplemented by a R399,1 million profit on partial disposal of Bidvest's stake in Mumbai International Airport Private Limited (MIAL)
Bidvest's half-year results to December 31, 2011, showed a 37,5% increase in headline earnings per share (HEPS) to 742,3 cents. On a normalised basis, HEPS were up 13,6% to 613,4 cents.
Bidvest, the international services, trading and distribution group, today (December 13 2011) welcomed news that the Fitch ratings agency has upgraded the Group's national long-term rating to 'AA-(zaf)' from 'A+(zaf)' and national short-term rating to 'F1+(zaf)' from 'F1(zaf)'.
The Bidvest Group have taken their first "steps" into the South American Foodservice market through the acquisition of 60% of Deli Meals, Santiago, Chile. The acquisition was completed on Monday, November 21.
The Bidvest Group in association with Cricket South Africa and the Gauteng Cricket Board have partnered in a campaign that aims to reduce the risk of breast cancer by aligning themselves to Cansa(The Cancer Association of South Africa) as well as the McGrath Foundation of Australia.
Unsolicited proposals for the foodservice interests of the Bidvest Group, the internationally diversified trading and services business, have been turned down by the Bidvest board.
Brian Joffe, chief executive of Bidvest, will host the Group's year end results presentation on Monday, August 29 2011 at 12h00 SA time.
Shareholders are advised that Bidvest has recently received various unsolicited proposals relating to its Foodservice Business.
Mercantile Bank Holdings (JSE:MTL), the lender controlled by Portugal's Caixa Geral de Depositos SA, share price jumped 25% to 25c after it received an unsolicited takeover offer from Bidvest of R0.355 a share.
South African industrial group Bidvest Group Ltd will buy 14.59 percent of Icelandic Water Holdings for $13.5 million, the Icelandic spring water producer said on Tuesday.
Notice is hereby given that an extraordinary general meeting of shareholders of the Company will be held in the Bidvest boardroom, 18 Crescent Drive, Melrose Arch, on Friday, July 15 2011, at 08:00.
Bidvest, the diversified industrial company, is pleased to announce that it has acquired 100% of the share capital of Seafood Holdings Limited ("Seafood") for an enterprise value of GBP 45 million (approximately R473 million).
Results for the half-year ended December 31 2009 showed a rise of 9,0% in Bidvest's headline earnings per share (HEPS).
Cash generated by operations rose 229,7% to R3,0 billion.
Bidvest anticipates headline earnings per share (HEPS) for the six month period ended December 31 2009 to be up by between 8% and 10% on the previous interim period, after the expensing of R53,4 million of acquisition costs in respect of the eastern European acquisitions, Nowaco and Farutex. These acquisition costs would have been previously capitalised to the cost of investment but in terms of the revised IFRS3 accounting standard are now included as an expense in headline earnings. If HEPS were to be adjusted for the impact of these acquisition costs, HEPS would be up by between 12% and 14%.
BIDVEST, the international services, trading and distribution group, today (Wed. October 21) announced in a joint-statement with Gauteng Cricket Board that it has secured the naming rights to Wanderers cricket stadium for the next five years.