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Invitation to submit expressions of interest in potentially acquiring shareholding in Scaw South Africa (Pty) Ltd

Industrial Development Corporation of South Africa Limited (“IDC”) has a 74% shareholding in Scaw South Africa (Pty) Ltd (“Scaw”), one of South Africa’s largest integrated producers of specialty steel products. The company consists of four operating divisions, namely: Wire Rod Products, Grinding Media, Rolled Products and Cast Products. IDC hereby invites interested parties to submit written expressions of interest to acquire an equity stake in Scaw orany of its divisions.

At a minimum the expression of interest must include the following:

  • full name of the organisation, incorporation details, address and registered office;
  • a brief overview of the business activities, organisation chart, history and operations;
  • rationale for the interest in Scaw;
  • demonstrate adequate financial resources with strong balance sheet;
  • proven operational experience and/or technical expertise;
  • demonstrate global market reach and presence and preferably an exposure to the local market; and
  • indicate willingness to invest, grow and add value to Scaw or any of its other businesses particularly in the rest of the African continent.

If selected to participate in the process (at IDC’s sole discretion), you will be sent a process letter, non-disclosure agreement and information memorandum which will provide further details on the process. No contact should be made with Scaw or any of their respective directors, officers or employees with respect to the proposed transaction.

Interested parties are required to submit their expression of interest to email: projectblue@idc.co.za .

CLOSING DATE: MONDAY, 26 OCTOBER 2015 AT 12:00 NOON

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