Weekly update | African listed companies, corporate deals (w/c 12 Aug)
Recent deals (M&A, IPOs, strategic shareholdings) include Osino Resources Corp, Brait Plc, Border Timbers Ltd and SeedCo Intl Ltd.
MINING
Osino Resources Corp. (TSX:OSI.V; NSX:OSN) has received approval from the Namibian Competition Commission for the acquisition of its outstanding common shares by Shanjin International Gold Co., Limited (formerly Yintai Gold Co., Limited) for C$1.90 per share. Osino is listed on the Toronto and Namibian stock exchanges. Read the full announcement.
Dr C W Powell, a private investor, has increased his stake in Europa Metals Plc (LSE:EUZ; JSE:EUZ). Dr Powell’s holding now amounts to 7.17%, up from 6.14%. Europa is listed on the London AIM and Johannesburg stock exchanges. Read the full announcement.
BlackRock, Inc has reduced its holding in Caledonia Mining Corporation Plc (NYSE:CMCL; LSE:CMCL; VFEX:CMCL). BlackRock’s holding now amounts to 4.22%, down slightly from 4.25%. Caledonia Mining is listed on the New York, London AIM and Victoria Falls stock exchanges. Read the full announcement.
INVESTMENT HOLDINGS
Transaction Capital Limited (JSE:TCP) and Generow Investments (Pty) Limited have announced the disposal of Nutun Transact (Pty) Ltd, Accsys (Pty) Ltd and Nutun Credit Health (Pty) Ltd to Q Link Holdings (Pty) Limited. Transaction Capital is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.
Brait Plc (LuxSE:BRTOR; SEM:BIH; JSE:BAT) has raised ZAR1.5 billion via a rights offer. Brait is listed on the Luxembourg, Mauritius and Johannesburg stock exchanges. Read the full announcement.
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FORESTRY
Border Timbers Limited (ZSE:BTL) shareholders have approved the acquisition of the company by Cicada Plantations Zimbabwe Limited. BTL shareholders who have accepted the offer will be issued with Cicada shares. BTL is listed on the Zimbabwe Stock Exchange. Read the full announcement.
REAL ESTATE
Lighthouse Properties Plc (JSE:LTE) has reduced its stake in Hammerson, a UK real estate company. Lighthouse now holds 4.93% of the company, down from 3.45%. Lighthouse is listed on the Johannesburg Stock Exchange. Read the full announcement.
Hammerson Plc (LSE:HMSO; JSE:HMN; EPA:HMSO) has arranged a EUR350 million non-recourse* term loan of up to seven years together with PIMCO Prime Real Estate. Hammerson’s share EUR175 million is secured on Ireland’s retail, leisure and lifestyle destination Dundrum Town Centre. Hammerson is listed on Read the full announcement.
*this is a loan that does not allow the lender to pursue anything other than the collateral.
CHEMICALS
Aylett & Company (Pty) Limited has increased its shareholding in AECI Limited (JSE:AECI). Aylett & Company now holds 5.00% of the total issued ordinary share capital of the company. AECI is listed on the Johannesburg Stock Exchange. Read the full announcement.
WEALTH MANAGEMENT
Coronation Fund Managers (Pty) Limited (JSE:CML) has reduced its stake in Quilter Plc (JSE:QLT; LSE:QLT). Coronation’s holding now amounts to 21.89%, down from 23.07%. Quilter is listed on the Johannesburg and London stock exchanges. Read the full announcement.
AGRICULTURE
Seed Co. International Limited (BSE:SEEDCO; ZSE:SEED) has listed 177,548 additional shares. Seed Co is listed on the Botswana and Zimbabwe stock exchanges. Read the full announcement.
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