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S.Africa's dogged dealmaker Joffe eyes Adcock victory

Started by riky, February 02, 2014, 09:00:19 AM

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You are not allowed to view links. Register or Login's dogged dealmaker Joffe eyes Adcock victory

By David Dolan JOHANNESBURG (Reuters) - Brian Joffe, the hard-headed South African entrepreneur whose empire spans ships to mops, has a favourite saying: "Why go into business to test the waters? Go in to make waves." The 66-year-old son of Lithuanian immigrants made another splash this week when he fended off a rival bid for Johannesburg's Adcock Ingram after months of jostling for control of the drugmaker. His rival, Chile's CFR Pharmaceuticals, has offered 12.8 billion rand for Adcock. But Joffe sees another chance for his sprawling Bidvest Group to turn around an ailing firm and access new markets.

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