M&A
JSE-listed Distribution and Warehousing Network’s (Dawn’s) share price rose by 21% on Thursday morning after the company confirmed that it would sell its 49% interest in Grohe Dawn Watertech (GDW) to Lixil Corporation, which owns the other 51% of GDW. The sale follows the announcement in July that Dawn had signed a nonbinding memorandum of understanding with Japan-based Lixil for the potential disposal of Dawn’s shareholding in GDW.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
