Lonrho
 | |
Type | Private |
|---|---|
| Traded as | LSE: LONR |
| Industry | Investments |
| Founded | 1998 |
| Headquarters | London, W1 United Kingdom |
| Revenue |  £ 206.5 Million (2013) |
| Total assets |  £ 328.5 Million (2013) |
Number of employees | 3,415 (2013) |
| Website | www.lonrho.com |
Lonrho is a London-based conglomerate that is engaged in multiple business sectors in Africa mainly agribusiness, infrastructure, transport, hospitality and support services.[1]
History
Lonrho traces its roots from the original Lonrho plc (now Lonmin) a company which was incorporated in the United Kingdom on 13 May 1909[2] as the London and Rhodesian Mining and Land Company Limited.[3] Lonrho plc grew to be one of the world's largest companies with over 800 subsidiary companies in 80 countries.[2]
One previous CEO of Lonrho was the controversial "Tiny" Rowland (born Roland Walter Fuhrhop, 1917–1998), a corporate raider who ran the firm from 1962 to 1994.
The current Lonrho was formed on 26 February 1998[4] as a spin-off of Lonmin (at the time called "Lonrho")[5] and it was then known as Lonrho Africa plc.[6] The demerger transferred all non-mining African assets to the separate publicly listed Lonrho Africa plc[7] while Lonrho plc (now Lonmin) retained the mining businesses. Lonrho Africa Plc subsequently changed its name to Lonrho Plc on 10 May 2007 following the approval of shareholders.[8]
Lonrho was one of the funding partners in low-cost airline Fastjet operating in Africa.[9] This is after they exchanged their stake in Fly 540 for shares in Rubicon Diversified Investments Plc, which was later renamed Fastjet in August 2012.[10]
In 2013, Lonrho plc was delisted from the LSE, JSE and OTCQX after agreeing to a £174.5 Million takeover by FS Africa,[11][12] a bid vehicle controlled by Swiss billionaire Thomas Schmidheiny and Rainer-Marc Frey.[13][14]
See also
- Lonmin
- Thomas Schmidheiny
References
^ "Lonrho Plc's Strategy & Vision". Retrieved 29 October 2012..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
^ ab "1988 - Directory of the worlds largest Companies: Lonrho PLC - Corporate information" (PDF). The United Nations Centre on Transnational Corporations. Retrieved 6 December 2014.
^ Page, Melvin E., ed. (2003). Colonialism: an International Social, Cultural and Political Encyclopedia. Santa Barbara: ABC-CLIO. pp. 350–351. ISBN 1-57607-335-1.
^ "Market Access Profile - Lonrho Plc" (PDF). S&Q Capital IQ. McGraw Hill Financial. 22 August 2013. Retrieved 6 December 2014.
^ "Lonmin plc History". International Directory of Company Histories, Vol. 66. St. James Press, 2004. Retrieved 6 December 2014.
^ "Lonrho plc / Lonrho Africa plc / Lonmin plc - Fact sheet" (PDF). Share View. Retrieved 6 December 2014.
^ "Lonmin - 2012 Rights Issues" (PDF). Lonmin Plc. 11 December 2012. p. 156. Retrieved 6 December 2014.
^ "Lonrho plc / Lonrho Africa plc / Lonmin plc" (PDF). Equiniti. February 2012. Retrieved 29 October 2012.
^ "Lonrho departs fastjet's share register". Retrieved 2014-04-05.
^ "Fastjet plc 2013 Annual Report" (PDF). Fastjet plc. 31 December 2013. Retrieved 2 December 2014.
^ Osborne, Alistair (15 May 2013). "Lonrho bows out after sale to Swiss investors for £175m". The Telegraph. Retrieved 6 December 2014.
^ "Thomas Eggar acts for Lonrho Plc in £170m takeover and de-listing from Stock Exchange deal". Thomas Eggar. 29 July 2013. Retrieved 6 December 2014.
^ "Takeovers" (PDF). Investors Chronicle. 7 June 2013. Retrieved 6 December 2014.
^ Allix, Mark (15 May 2013). "FS Africa to buy Lonrho for £175m". Business Day Live. Retrieved 6 December 2014.
