For the company known as Lonrho until 1999, see Lonmin. For the similarly named racehorse, see Lonhro.
Lonrho is a London-based conglomerate that was established in 1998 as Lonrho Africa plc. It is engaged in multiple business sectors in Africa, mainly agribusiness, infrastructure, transport, hospitality and support services.[1]
Lonrho traces its roots to 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 plc was the controversial Tiny Rowland (1917–1998), a corporate raider who ran the firm from 1962 to 1993. Scholars have noted that while he may have been the "unacceptable face of capitalism", in the words of Edward Heath, Lonrho plc actually worked in tandem with the British government in protecting British business interests in Africa after independence.[4]
The current company named Lonrho was formed on 26 February 1998[5] as a spin-off of Lonmin (at the time called "Lonrho plc"),[6] and it was first known as Lonrho Africa plc.[7] The demerger transferred all non-mining African assets to the separate publicly listed Lonrho Africa plc,[8] 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.[9]
Lonrho was one of the funding partners in low-cost airline Fastjet, operating in Africa.[10] This was after they exchanged their stake in Fly 540 for shares in Rubicon Diversified Investments plc, which was renamed Fastjet in August 2012.[11]
^"Lonrho Plc's Strategy & Vision". Retrieved 29 October 2012.
^ ab(PDF). The United Nations Centre on Transnational Corporations. Archived from the original (PDF) on 7 December 2014. Retrieved 6 December 2014.
^Page, Melvin E., ed. (2003). Colonialism: an International Social, Cultural and Political Encyclopedia. Santa Barbara: ABC-CLIO. pp. 350–351. ISBN1-57607-335-1.
^Uche, Chibuike (2015). "Lonrho in Africa: The Unacceptable Face of Capitalism or the Ugly Face of Neo-Colonialism?". Enterprise & Society. 16 (2): 354–380. doi:10.1017/eso.2014.31.
^"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 5 April 2014.
^"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.
December 07, 2023
lonrho, company, known, until, 1999, lonmin, similarly, named, racehorse, lonhro, london, based, conglomerate, that, established, 1998, africa, engaged, multiple, business, sectors, africa, mainly, agribusiness, infrastructure, transport, hospitality, support,. For the company known as Lonrho until 1999 see Lonmin For the similarly named racehorse see Lonhro Lonrho is a London based conglomerate that was established in 1998 as Lonrho Africa plc It is engaged in multiple business sectors in Africa mainly agribusiness infrastructure transport hospitality and support services 1 LonrhoTypePrivateIndustryConglomerateFounded1998 as Lonrho Africa plc HeadquartersLondon W1United KingdomRevenue 206 5 Million 2013 Total assets 328 5 Million 2013 Number of employees3 415 2013 Websitewww wbr lonrho wbr comHistory editLonrho traces its roots to 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 plc was the controversial Tiny Rowland 1917 1998 a corporate raider who ran the firm from 1962 to 1993 Scholars have noted that while he may have been the unacceptable face of capitalism in the words of Edward Heath Lonrho plc actually worked in tandem with the British government in protecting British business interests in Africa after independence 4 The current company named Lonrho was formed on 26 February 1998 5 as a spin off of Lonmin at the time called Lonrho plc 6 and it was first known as Lonrho Africa plc 7 The demerger transferred all non mining African assets to the separate publicly listed Lonrho Africa plc 8 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 9 Lonrho was one of the funding partners in low cost airline Fastjet operating in Africa 10 This was after they exchanged their stake in Fly 540 for shares in Rubicon Diversified Investments plc which was renamed Fastjet in August 2012 11 In 2013 Lonrho plc was delisted from the LSE JSE and OTCQX after agreeing to a 174 5 million takeover by FS Africa 12 13 a bid vehicle controlled by Swiss billionaire Thomas Schmidheiny and Rainer Marc Frey 14 15 See also editLonmin Thomas SchmidheinyReferences edit Lonrho Plc s Strategy amp Vision Retrieved 29 October 2012 a b 1988 Directory of the World s Largest Companies Lonrho PLC Corporate Information PDF The United Nations Centre on Transnational Corporations Archived from the original PDF on 7 December 2014 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 Uche Chibuike 2015 Lonrho in Africa The Unacceptable Face of Capitalism or the Ugly Face of Neo Colonialism Enterprise amp Society 16 2 354 380 doi 10 1017 eso 2014 31 Market Access Profile Lonrho Plc PDF S amp 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 5 April 2014 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 Retrieved from https en wikipedia org w index php title Lonrho amp oldid 1148702433, wikipedia, wiki, book, books, library,
