Bidvest intends calling its new food-service business, which is to be listed at the start of business on May 30, Bidcorp. In a circular posted to share-holders, it said that the name required the approval of at least 75% of shareholders at a general meeting. This would be held in Johannesburg around May 16. The net asset value of Bidcorp, according to the circular, was about R23 billion. Dirk van Vlaanderen comments.
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