Lonrho
| Lonrho | |
|---|---|
| legal form | |
| founding | 1909 |
| Seat |
London , UK
|
| management | Bruno Sidler, COO, Johannesburg |
| Branch | Finance company (holding) |
| Website | www.lonrho.com |
| As of December 31, 2019 | |
Lonrho Holdings Limited , based in London, is a privately held company that operates in several countries in Africa .
history
Lonrho - London and Rhodesian Mining and Land Company Limited - was originally a mining company founded in 1909 with a focus on what was then Rhodesia . Many other business areas were later added in 15 African countries south of the Sahara . 1998 not been montane economic activities in the company Lonrho Africa Plc spun off while the mining division of Lonrho name Lonmin accepted.
After restructuring and the sale of several business activities, Lonrho Africa Plc was renamed Lonrho Plc in 2007 .
Realignment
In 2013, the Swiss investors Rainer-Marc Frey and Thomas Schmidheiny made a takeover offer to previous shareholders through the FS Africa investment vehicle . On July 19, 2013, the takeover was completed for a total price of 270 million Swiss francs and the company was privatized.
The objective of Lonrho Ltd. are investments in development projects in sub-Saharan Africa . There are four business areas:
- Food supply chain management
- Lonrho Fresh in Johannesburg , Lonrho Logistics in Johannesburg and Cape Town , Oceanfresh Seafoods in Johannesburg, Fish On Line Ltd. in Cape Town, Brands Consumer Group
- Market Expansion Services
- John Deere agency , country locations Lonagro Angola in Catete , Lonagro South Sudan in Juba , Lonagro Tanzania in Dar es Salaam
- Infrastructure
- Hotels & Services
- Hotels in Johannesburg , Maputo , Gaborone ; IT services: CES in Lusaka , Windhoek and Johannesburg, Bytes & Pieces in Maputo
In the Market Expansion Services division , the intention is to offer similar services to those of the Swiss company DKSH , with DKSH focusing on Asia. Several shareholders of DKSH, such as the main shareholder Rainer-Marc Frey and the former managing director of DKSH Jörg Wolle , are also in Lonrho Ltd. involved.
At the end of 2014, the two anchor shareholders R.- M. Frey and T. Schmidheiny held 80% of the shares. In 2015, BMW heiress Susanne Klatten bought 50 million Lonrho shares and positioned her Head of Family Office Johannes Fritz on the Lonrho board of directors. Only these three anchor shareholders are entitled to vote. The other shareholders hold shares without voting rights. This includes a small group of selected entrepreneurs and family offices from the network of main investors.
The cleanup of legacy issues from previous business activities and the sale of loss-making areas such as the airlines Fastjet and Fly540 have already been largely carried out. According to an estimate by the Handelszeitung, shareholders have so far injected around CHF 250 million more to come to terms with the past. The loss of Lonrho Ltd. was $ 367 million in 2013. For 2014 the losses could be reduced to 20.8 million USD. Operating profit was $ 9.5 million in 2014, so a turnaround was in sight. The 2014 annual report is entitled Focused on Africa's Growth . Economic growth in those African countries in which Lonrho operates slowed down in 2015, so that the company continues to struggle with problems. The results for the 2015 financial year were not encouraging. On sales of $ 205 million, there was a loss of $ 32 million. In 2015, another $ 141 million capital increase was carried out to bolster the balance sheet. In fiscal 2018, sales of $ 250 million resulted in a loss of $ 27 million. In order to expand the Food Supply Chain Management division, the Brands Consumer Group was taken over and a stake in the Big Bottling Company in Nigeria was acquired.
Web links
- Internet presence of Lonrho Ltd. on www.lonrho.com (English)
Individual evidence
- ↑ History of the Lonrho company ( Memento of the original from December 8, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. on www.lonrho.com
- ^ Stefan Barmettler: Dispute over the free port. In: Handelszeitung , October 2, 2014, p. 5
- ↑ Complete Enterprise Solutions . ( Memento of the original from October 27, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , www.bytespieces.com (English)
- ↑ a b Stefan Barmettler: Departure in Africa. In: Handelszeitung, No. 46, November 12, 2015, p. 4
- ↑ Sven Millischer: Richest Germans rely on Schmidheiny and Frey. Handelszeitung, January 6, 2016
- ↑ Sven Millischer: Lonrho boss throws in the towel. Handelszeitung online, May 11, 2016
- ↑ Africa is a losing business for Schmidheiny and Frey. In: Handelszeitung , October 27, 2016, p. 10
- ↑ Sven Millischer: Cape of Good Hope. In: Handelszeitung , October 31, 2019, p. 4
