BPOPF keeps faith as Wilderness goes private

Wilderness' premium comes from its luxury offering set deep in tourism heartland
Wilderness' premium comes from its luxury offering set deep in tourism heartland

The country’s single largest private investor, the Botswana Public Officers Pension Fund (BPOPF), has chosen to retain a healthy stake in Wilderness Holdings which delisted from the Botswana Stock Exchange this week.

By the publication of the 2018 Annual Report last July, the BPOPF, through several fund managers, held about 10.59 million shares or a 4.5 percent stake in Wilderness Holdings, earning it a place in the top five shareholders. The pension fund, which boasts P60 billion in assets, held 10.61 million shares in Wilderness by the delisting. Wilderness exited the Botswana Stock Exchange on Wednesday afternoon, completing the four-month process triggered by a takeover bid led by long-time director and CEO, Keith Vincent in partnership with US private equity asset managers.

Vincent and his partners had offered other shareholders P546 million or P6.25 per share to buy back their interests and take the pan-African tourism group private.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

Have a Story? Send Us a tip
arrow up