tradable, opens a new era for the Group. Clover S.A. (Pty) Ltd and Danone form the Clover Danone Beverages Ltd joint venture. 2004 – Clover Holdings Ltd is unbundled. Clover Industries Ltd is the new holding company of Clover S.A. (Pty) Ltd, one of the largest branded consumer goods companies in South Africa, South Africa's largest dairy company and one of the leading manufacturers and marketers of food products in South Africa. 2005 – Hosken Consolidated Investments Ltd acquires a 25.1% shareholding in Clover Industries Ltd as a BBBEE partner. 2006 – Clover S.A. (Pty) Ltd and Fonterra Ltd of New Zealand form the Clover Fonterra Ingredients (Pty) Ltd joint venture. 2007 – Hosken Consolidated Investments Ltd, the BBBEE partner, exercises its option to increase its ordinary shareholding to 34.9% and Clover S.A. (Pty) Ltd buys 39.8% of the shares in Clover Danone Beverages Ltd from Danone. The company's name is changed to Clover Beverages Ltd. 2008 – Danone Clover (Pty) Ltd acquires a 70% interest in Mayo Dairy (Pty) Ltd. 2009 – Deconsolidation/Recapitalisation of Danone Clover (Pty) Ltd. 2010 – Clover sells its 45% shareholding in Danone Clover (Pty) Ltd to Danone and commences with the capital restructuring of Clover Industries Limited. Removal of the condition that only milk producers may hold ordinary shares and de-linking the ordinary share from milk supply. Repurchase of 34.9% ordinary shares from Hosken Consolidated Investments Ltd. Conversion of preference shares to debt-only instruments. Clover Industries Limited was listed on the main board of the JSE Limited on 14 December 2010. 2011 – Buy-out of the non-controlling interest in Clover Beverages Limited and the subsequent transfer of the non-alcoholic beverages business to Clover SA. 2012 – Bought the Real Juice Co. Holdings (Pty) Ltd from AVI Limited. Acquired the minority interest in Clover Botswana (Pty) Ltd and Clover Manhattan (Pty) Ltd respectively. 2013 – Clover Waters (Pty) Ltd (in terms of which Clover owns 70% and Nestlé owns 30% is formed) is created resulting in the expansion of Clover's portfolio of value-added and branded beverage products. Clover is associated with global brands such as Nestlé Purelife and Nestea which opens up opportunities in the sub-Saharan market. 2014 – Clover Futurelife joint venture is established to launch a functional dairy based product. Various other initiatives are currently being explored. 2019 - Clover delists from the JSE after a takeover by Milco. Controversy Prior to its