Brimstone exits Clover buyout deal following criticism from anti-Israel group

SOUTH AFRICA – Brimstone Investments Corporation, a South African investment firm has announced that it will not participate in the US$343.95 million acquisition deal of South Africa’s largest dairy firm, Clover Industries. Brimstone’s decision to pull out from the deal follows continued pressure arising from criticism by the lobby group Boycott, Divestment, Sanctions (BDS) South Africa on its involvement in the transaction led by an Israel based company. The acquisition is led by Israeli beverage firm Central Bottling Company (CBC), part of Milco SA in which Brimstone will hold a…

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