DIEMERSFONTEIN INVESTMENTS ANNOUNCES SALE

Johann OlivierUncategorized

Diemersfontein has concluded negotiations for the sale of majority equity in Diemersfontein and its operating companies.

The directors of Diemersfontein Investments are delighted to announce that they have concluded negotiations with Esjen (Pty) Ltd (the De Beer and Botha families) for the sale of majority equity in Diemersfontein and its operating companies.

The new investors will retain the existing management team and staff. They are supportive of commitments to Wellington Preparatory School and College, the Thokozani Company and the Excellence out of Africa Trust.

In all trading respects it is business as usual with the existing communications channels and people still in place.

David Sonnenberg will remain an active director of the company and he looks forward to working with all to ensure a seamless handover to the new owners and to building the businesses together. David and Susan will remain as residents of Diemersfontein and will work on building the current successful legacy for the future.

Mr Botha, a businessman based in Somerset West, has a background in banking (locally and internationally) and wine business. Mr de Beer, based in Stellenbosch, is an entrepreneur who has worked in many business areas. Today, he is principally involved in property development.

They have expressed their delight in the acquisition and look forward to protecting and promoting the Diemersfontein legacy that has been established over several decades. They intend to expand Diemersfontein’s production capacity, enhance its brand, and continue making Diemersfontein Estate a sought-after destination in the Boland while playing a constructive role in the Wellington community.