Who's doing what this week in the South African M&A space?


Who's doing what this week in the South African M&A space?

Published Date: 2020-10-30 | Source: DealMakers | Author: DealMakers

Who's doing what this week in the South African M&A space?

Exchange Listed Companies

  • Crookes Brothers has concluded, via its subsidiary Crookes Brothers South Africa, the commercial terms of agreements for the disposal of land know as Klein Tafelberg situated in Matroosberg and a deciduous fruit farm known as Elands Kloof situated in Caledon, both in the Western Cape for R95 million. The funds realised from the sale will enable Crookes Brothers to reduce its financial gearing and to assist in completing major diversification projects.
  • Trellidor, through its wholly owned subsidiary, Trellidor UK Investments, has agreed to purchase 100% of Really Secure Company UK for a maximum consideration of £1,57 million.
  • Spear REIT, has concluded a non-binding offer for the sale of its shareholding in a wholly owned subsidiary that holds its sectional title interests in the 15 on Orange Sectional Title Scheme, for an indicative all cash price of R280 million.
  • Hulamin has announced an extension to its 2015 broad-based black economic empowerment transaction by a further five years.

Unlisted Companies

  • Gijima, the local information technology group, is to acquire the T-Systems South Africa, the subsidiary of German telecommunications giant Deutsche Telekom following a strategic review by the German group of its global portfolio. Financial details were undisclosed.
  • Udok, the local healthtech startup platform that allows for remote consultations between qualified medical practitioners and individuals, has raised R10 million from venture capital firm FinX Capital. Udok will utilise the funding to expand its offering to include affordable lab testing and further its partnership with Clicks Pharmacies.

DealMakers is SA's M&A publication.

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