TITLE

LONRHO/SAILS

AUTHOR(S)

Hasenfuss, Marc

PUB. DATE

December 2008

SOURCE

Finweek;12/18/2008, p12

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article elaborates on the investments made by Lonrho PLC to South Africa Independent Shipping Lines (SAILS) in South Africa. In mid-2007. the company acquired a 51% stake worth US$6.5 million, in an effort to take control of SAILS. According to David Lenigas, executive chairman of Lonrho, the firm made the investments because it believes that by investing in transportation and related companies will grow the living standards in the country.

ACCESSION #

36111598

Tags: CONSOLIDATION & merger of corporations;  LONRHO PLC;  SA Independent Liner Services P/L;  LENIGAS, David

 

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