Puma enters Botswana through Wilderness

source: Mmegi
Staff Writer

International sportswear manufacturer, Puma, has snapped up a 20-percent stake worth P185 million in Botswana’s tourism concern Wilderness Holdings through a private placement.

Wilderness, which is currently in the process of listing on the Botswana Stock Exchange, has been in Botswana for the past 26 years and has operations in the Chobe, Linyanti and the Okavango Delta.

In an interview with Business Week, Wilderness CEO Andy Payne said Puma bought 46.4 million shares while Puma chairman and CEO Jochen Zeitz bought a one-percent stake worth P16.7 million in his individual capacity from the 56.3 million that were on [continue reading]

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