Olympia Capital Acquires NATWOOD of Cape Town
Wed, Jun 04, 2008
(Business Daily): subsidiary of Olympia Capital Holdings Limited (OCHL), which is listed on the Nairobi Stock Exchange, has bought a majority stake in a South African manufacturer of wooden lifestyle products.
The subsidiary, Olympia Capital Corporation Limited (OCCL), which is listed on the Botswana Stock Exchange, has acquired 50 per cent and one share.
Although the acquisition was only made public in Kenya this week, information on the Natwood website showed that the transaction was effective from March 1, 2008.
The directors of Natwood are Michael Matu, Gerry O’Donnell, Derek Berold and Randal Godden. Mr Matu is the group chief executive officer.
Natwood acquired the business of Framing Prints International (FPI) from June 1, 2008, and its manufacturing, sales and distribution offices moved to Natwood premises immediately. |
