Sovereign Food Investments

Sovereign Food Investments shareholders vote to approve Capitalworks takeover

12 Oct 2017

Shareholders in Sovereign Food Investments have approved the takeover of the South African poultry processor by private-equity firm Capitalworks following a 9 October vote on a ZAR907m (US$66.8m) cash offer.

Sovereign Food Investments takeover bid clears first threshold

28 Sep 2017

The takeover bid for South Africa poultry processor Sovereign Food Investments has cleared the threshold on the level of shareholder acceptances.

South Africa's Sovereign Food Investments receives takeover bid from PE firm Capitalworks

11 Aug 2017

South African private-equity firm Capitalworks has moved to buy a controlling stake in Sovereign Food Investments, the local poultry group.

Sovereign Food Investments in mystery talks

31 Jul 2017

Sovereign Food Investments is in unspecified talks the South Africa-based poultry group has said could have "a material effect" on the company's shares.

Sovereign Food Investments books FY loss over takeover battle costs

16 May 2017

Sovereign Food Investments, the South Africa-based poultry processor, has booked a loss of ZAR35m (US$2.6m) for the year to the end of February, despite increased sales.

Sovereign Food Investments forecasts FY loss

4 May 2017

Sovereign Food Investments, the South Africa-based poultry processor, has forecast it will post a loss for the year to the end of February.

South African poultry group Sovereign Food Investments posts H1 loss

24 Nov 2016

Sovereign Food Investments has booked half-year losses of ZAR36m on the back of pressure from feed prices and the cost of defending itself from a hostile takeover bid from fellow South African poultry group Country Bird Holdings.

Country Bird Holdings would not look for alternative M&A target, says CEO Marthinus Stander

23 Nov 2016

Country Bird Holdings CEO Marthinus Stander said the South African poultry group would not seek another acquisition target should it decide not to pursue its interest in local rival Sovereign Food Investments.

South Africa intervenes on Country Bird bid for poultry peer Sovereign Food Investments

16 Nov 2016

Sovereign Food Investments, the South African poultry group that mounted a legal challenge against a takeover bid from local peer Country Bird Holdings, has said the country's government has ruled the offer contravened regulations.

Sovereign Food Investments forecasts H1 loss

27 Sep 2016

Sovereign Food Investments, the South African poultry group that is subject to a takeover bid from local rival Country Bird Holdings, has said it expects to report a loss for the first six months of its financial year amid a spike in raw material prices and the cost of defending itself from the prospect of a sale.

Sovereign Food Investments takes legal advice on Country Bird's change to offer

21 Sep 2016

Country Bird Holdings' bid to buy fellow South African poultry group Sovereign Food Investments has taken a fresh twist, with the takeover target claiming its suitor's move to change a key condition of its bid is illegal.

Country Bird offer for Sovereign Food Investments "fair" - independent review

19 Aug 2016

Country Bird Holdings' bid for fellow South African poultry group Sovereign Food Investments has been judged to be "fair and reasonable", the takeover target said today (19 August).

Sovereign Food Investments books "strong" FY results

1 Jun 2016

Sovereign Food Investments, the South Africa-based meat processor, has posted higher annual sales and profits, with the company's focus on its costs and on growing sales of "value-added" products helping the business the impact of drought on the country's poultry sector.

Astral denies bid rumour for Sovereign Food Investments

3 Dec 2015

South Africa's Astral Foods has denied it has made an offer to acquire a stake in fellow poultry processor Sovereign Food Investments.

Sovereign Food Investments confirms black economic empowerment transaction

12 Oct 2015

Sovereign Food Investments, the South African poultry business, today (12 October) confirmed a series of measures, including a Black Economic Empowerment (BEE) transaction, a week after announcing mystery talks that could have affected its share price.

Sovereign Food Investments "not in takeover talks"

5 Oct 2015

Sovereign Food Investments, the South African poultry group, has been forced to follow up last week's announcement it was in talks that could affect its share price by confirming the discussions do not "in any way relate to a competitor transaction".

Sovereign Food Investments in mystery talks

2 Oct 2015

Sovereign Food Investments, the South African poultry products supplier, has said it is in talks that could affect its share price.

Sovereign to buy poultry plant from Quantum

11 May 2015

South Africa's Sovereign Food Investments is to acquire the Tydstroom Abbatoir from local company Quantum Foods.

Sovereign Food Investments income soars on higher sales

6 Oct 2014

Sovereign Food Investments, the South African poultry processor, has booked a jump in earnings on the back of higher sales in the first-half.