The good news for Bidvest shareholders is that the company knows exactly how to do deals, as that is how Bidvest has been built over the years. The latest deal is to acquire 100% of BIC Australia, an integrated facilities management business that services mainly A-grade offices in New South Wales.Some relief for tough balance sheets
Nampak has bigger challenges that were already there before the pandemic. The share price is down more than 30% this year as market jitters took the shine off risky turnaround plays. Aveng now needs the Trident Steel disposal to go ahead so that it can settle the remaining debt in South Africa.French media company Groupe Canal+ has increased its stake in MultiChoice to more than 20%. Canal+ is owned by Vivendi, a French media giant with a market cap three-and-a-half times larger than MultiChoice. Speculation of a bigger transaction is rife.Although we can only guess what the background to this potential deal was, it probably involved an expensive drink or two in Geneva.