Jp Morgan Acquires Additional Shares In Bernard Berson-led Bidcorp

JP Morgan Chase raises stake in Bidcorp to 8.23, investing 290.43 million for 13.3 million shares, signaling confidence in the South African food service group.

The acquisition strengthens JP Morgan's confidence in Bidcorps global strategy and South Africas growing food service sector, under Bernard Berson's leadership.

JP Morgans investment makes it Bidcorps second-largest shareholder, highlighting the banks expanding presence in South Africas dynamic corporate landscape.

JP Morgan Chase Co. JP Morgan, the worlds largest bank by market capitalization, has purchased an additional 290.4 million worth of shares in Bid Corporation Limited Bidcorp, a South African food service group led by Johannesburg-based executive, Bernard Larry Berson.

The strategic purchase by the financial powerhouse increases its stake by an additional 13,311,500 shares, valued at R5.69 billion 290.43 million, raising its stake by 3.95 percentage points to 8.23 percent. This move underscores JP Morgans confidence in Bidcorps market leadership and growth potential in the global food service industry.

The acquisition, disclosed in a regulatory filing on April 7, 2025 , signals JP Morgans focus on South Africas thriving food service sector. Under Bersons leadership, Bidcorp has built a solid global presence, using its South African roots as a springboard to expand internationally.

JP Morgans recent investment in Bidcorp raised its holdings from 4.28 percentvalued at R6.16 billion 314.69 millionto R11.85 billion 605.15 million. The 290.43 million acquisition, which added over 13.3 million shares, highlights the banks growing confidence in Bidcorps global strategy.

This increased stake signals JP Morgans strengthened commitment to South Africas corporate landscape and its belief in sectors with strong growth potential. The banks support of Bidcorp reflects its trust in the companys ability to sustain growth and innovate within the global food service market.