Page 6 - HGR December 2017
P. 6

4 NEWSLINE

Feria Mueble & Madera: New Furniture
Fair in the Andes

       As co-owner,                          exhibitors like Häfele Colombia, Makita    With the
                                             Colombia, Julius Blum, Vauth Sagel,        participation of
  Koelnmesse GmbH is                         Jowat, Kastamonu and Sige are on the       Koelnmesse,
                                             current registration list of Feria Mueble  the position
   organising the Feria                      & Madera.                                  of the event
                                                                                        as a central
    Mueble & Madera,                           The economic prerequisites in            trade meeting
                                             Colombia for profitable trade fair         point is further
  the largest and most                       participation are presently especially     enhanced...
                                             favourable. As the third largest national
   important trade fair                      economy in Latin America, the Andes
                                             state continues on its growth course.
    for industrial wood                      Among the impulse providers for growth
                                             are the construction industry as well as
   processing, furniture                     real estate.

 production and interior                       According to government information,
                                             387,000 homes will be financed in the
   design in Colombia,                       coming three years. That corresponds

Central America and the                                                    PAGE 54

Andes region, for the first                  Shoprite - Steinhoff

 time in 2018 in Bogota.                     option

The 14th edition of the firmly               Shoprite Holdings shareholders             and Shoprite Holdings.
established industry platform                are referred to an announcement              Further to the above, Shoprite
takes place from 6-9 March 2018              published by Steinhoff International
in partnership with the renowned             Holdings Ltd. , on 4 August 2017           shareholders are referred to the an-
Colombian trade fair company Corferias       wherein it was stated that Stein-          nouncement published on 30 No-
de Bogotá. With the participation of         hoff and Steinhoff Africa Retail Ltd.      vember 2017 by STAR, in which STAR
Koelnmesse, the position of the event as     (“STAR”) had entered into call option      confirmed that it had exercised the
a central trade meeting point is further     agreements with the Public Invest-         Call Options to acquire an approxi-
enhanced. Feria Mueble & Madera offers       ment Corporation SOC Ltd., Lan-            mately 23.1% economic interest in and
international companies new chances          caster Group (Pty) Ltd., Titan Premier     approximately 50.6% voting control of
for accessing market potential in the        Investments (Pty) Ltd. (a company          Shoprite Holdings.
region. Stand construction packages          ultimately controlled by a family trust
included in the square metre price ease      of Dr Christo Wiese, the chairman of         The implementation of the invest-
targeted access to the regional markets      both Steinhoff and Shoprite Holdings)      ment by STAR in Shoprite Holdings
for exhibitors. The German pavilion          and one of its subsidiaries, in terms      is subject to a number of conditions
also implemented by Koelnmesse               of which STAR would acquire eco-           precedent, including various merger
on behalf of the Federal Ministry for        nomic and voting interests in Thibault     filings. Shareholders will be informed
Economic Affairs and Energy (BMWi),          Square Financial Services (Pty) Ltd        once all the conditions precedent for
as well as country pavilions among                                                      the implementation of the transaction
others from Brazil, China, Italy, Spain and                                             have been met.
Turkey enable exhibitors attractive and
successful trade fair participation. Top

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