16 December, 2025, 2:35 am Central - 23°C Clouds

Coca-Cola Amatil Fiji buys 89% shares in Fosters Group

Coca-Cola Amatil Fiji buys 89% shares in Fosters Group

By fijivillage.com
07/09/2012
The largest transaction in the history of the South Pacific Stock Exchange has been witnessed today with Coca-Cola Amatil Fiji Limited buying 89.59 percent of the shares in Fosters Group Pacific Limited.

The total amount paid was $108,636,250 for 9.325 million shares.

Stock Exchange chief executive officer Jinita Prasad said stock exchange rules and Reserve Bank of Fiji regulations ensured that the deal was executed in a transparent manner and interest of minority shareholders was given paramount importance.

Prasad said since this trade has been effected as a special crossing transaction at a price of $11.65 a share, the last trade price for Fosters Group Pacific remains at $13.14.

There are also changes to the board of Fosters Pacific after the transaction.

Alfred Chan has resigned as secretary and he has been replaced by Vinish Singh.

Gardner Whiteside and Cecil Browne, who are independent directors, and Anthony Scanlan remain on the board.

John Murphy, Nessa O’Sullivan and George Forster are the new board members.


Story by:
Vijay Narayan
FEATURE NEWS
Compain says CWM Ante-Natal Clinic is a leaking disaster and nothing has been done
The CWM Hospital Ante-Natal Clinic is a leaking disaster and nothing has been done since last Friday according to International Women's Association Fi...
10 hours ago
LATEST NEWS
Visitors today want more than an air-conditioned room and a beautiful view - Deo
Pacific Recycling Foundation today convened its VAKA Forum with the tourism sector, bringing together resort and hotel executives, sustainability ...
8 hours ago

Matanimeke found guilty of killing Nitya Nand on Christmas Eve in 2023
Timoci Matanimeke has been found guilty of killing 60-year-old Nitya Nand on Christmas Eve in 2023.  Suva High Court Judge Justice ...
9 hours ago

Heavy rain leaves multiple roads flooded across Western Division
Several roads and crossings in the Western Division have been flooded and are currently inaccessible following the recent heavy downpour. Authorities ...
9 hours ago

Defence slams prosecution delays in Thakor Hari Punja drug case
Defence lawyers for Thakor Hari Punja criticised the State for repeated delays after they filed submissions late, causing the court hearing to be ...
9 hours ago

Seruiratu says Commission focusing more on reconciliation than truth
Leader of the Opposition Inia Seruiratu has criticized the Truth and Reconciliation Commission for focusing more on reconciliation rather than truth ...
9 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Sonia Shanaaz says silent treatment hurts as she waits for assistance for her daughter with cerebral palsy
Sonia Shanaaz, the mother of 10-year-old Aarna who was born with cerebral palsy, says silent treatment hurts after she reached out to the ...
4 days ago

I do not support police officers being charged on public opinions and without evidence - COMPOL
Commissioner of Police Rusiate Tudravu says he will stand by his officers, and he does not support any officer being charged based on public opinion ...
4 days ago

Dubai 7s 2025
The Fiji Airways Men’s National 7s side are working on their fitness as they prepare for the start of the 2025/2026 World 7s Series this ...
8 days ago

TOP