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15/11/2011

Forbes Interview with Geoffrey White Director & Chief Executive Officer of Lonrho

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Additional Information
Market: AIM
Sector: Travel, Leisure & Hospitality
EPIC: LONR
Latest Price: 10.00p  (-4.76% Descending)
52-week High: 21.25p
52-week Low: 8.10p
Market Cap: 156.81M
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Lonrho PLC
www.lonrho.com

Lonrho is a pan-African company with a diverse portfolio of investments focusing on Africa.  Its investments range from primary infrastructure to transportation, support services, hotels and natural resources. The Company is focused on servicing Western investment and African business by investing in emerging sectors across Africa, creating hubs of business through key investments. Lonrho is re-establishing a significant presence on the African Continent through strategic investments across sectors in fast-growing African economies.

Full Lonrho PLC profile here
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Blackrock Ups Stake In African Focused Investment Group Lonrho to 6.07 pct

19th Nov 2009, 11:00 am Blackrock Ups Stake In African Focused Investment Group Lonrho to 6.07 pct

African focused company, Lonrho (LSE: LONR) informed the market that, the investment company Blackrock Inc (NYSE: BLK) has increased its shareholding in the company by more than 1%. Blackrock now owns or controls 48.5 million shares in the diversified AIM listed company, representing a total equity stake of 6.07%.

Blackrock will now be Lonrho’s fifth largest shareholder, behind Mackenzie Cundill Investment Management (12.03%), Capital Research and Management (9.85%), Capital Group International (8.16%) and L.R. Global Partners (6.46%). BlackRock is one of the world's largest publicly traded investment management firms. As of 30 September 2009, BlackRock's assets under management totalled $1.4 trillion across equity, fixed income, cash management, and alternative investment and real estate strategies.

Lonrho has a diverse portfolio of investments focusing on Africa.  Its investments range from primary infrastructure to transportation, support services, hotels and natural resources. The company is focused on servicing Western investment and African business by investing in emerging sectors across the region.

Earlier this month, Lonrho said it strategy was paying off as core businesses continue to perform in line with expectations. The company expects to see strong progress in the first quarter of the 2010 financial year after each of its core businesses continued to perform to expectations in the fourth quarter.

According to Lonrho, the ‘strong progress’  will be driven by the group’s Zimbabwe-based pan-African low-cost airline Fly540 commencing flight operations to Angola, the Karavia hotel in the DRC opening in January 2010 and Lonrho Agribusiness opening the John Deere operations in Angola and commencing exports to supermarkets in the Middle East.

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