Shareholders of BKB and GWK have been notified that the respective boards of BKB and GWK have entered into discussions to collectively investigate an opportunity aimed at combining their respective businesses. It is envisaged that this unique opportunity will be pursued through the establishment of a new world-class focused agribusiness group.
According to the joint announcement by these two parties, discussions are being conducted in the spirit of cooperation, partnership and collaboration for mutual benefit. If a new agribusiness group is established, this will be done in order to provide an even better, efficient and more integrated offering to its producing farmers; ensure that the joint businesses are positioned to not only remain relevant within a changing agricultural sector, but also capitalise on the opportunities presented; and unlock significant value for shareholders and other stakeholders. -Press release