The black-owned investment firm says it is still reviewing its participation in the R4.8bn Clover transaction
Almost two months after Brimstone said it would review its participation in the Israeli-led consortium eyeing Clover in a R4.8bn deal, its prospective partners are still in the dark about their final decision.
Lobby group Boycott, Divestment and Sanctions SA threatened a boycott of Clover due to the consortium being led by Israel-based Central Bottling Company . Through its foreign subsidiaries, CBC has manufacturing and distribution operations in Turkey, Romania and Uzbekistan. Nisaar Pangarker, Brimstone managing executive, would not comment on the company’s participation in the transaction, saying the firm is still trading under a cautionary triggered by the decision to review its participation in the consortium.
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