Experts back Wilderness deal ahead of vote

Wilderness Holdings specialises in high end camps such as Jacana, situated in the Delta PIC: WILDERNESSSAFARIS.COM
Wilderness Holdings specialises in high end camps such as Jacana, situated in the Delta PIC: WILDERNESSSAFARIS.COM

Independent consultants engaged to study the offer Wilderness Holdings has made to its shareholders in order to delist the tourism group, have given the P546 million deal their blessing.

Wilderness Holdings is the target of a bid to take it private, led by its long-time director and CEO, Keith Vincent in partnership with US private equity asset managers.

Already, the Botswana-born pan-African group’s other major shareholders have endorsed the deal, as have board members holding equity. The upcoming key vote by shareholders on May 10 is expected to be a fait accompli, as Vincent and his partners already have irrevocable commitments of support from other major shareholders, giving them an easy path over the target required to approve the delisting.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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