Weekly update | African listed companies, corporate deals (w/c 1 Jul)

Recent deals (M&A, IPOs, strategic shareholdings) include Glencore Plc, CalBank Plc, NEPI Rockcastle N.V. and CA Sales Holdings Ltd.

MINING

Glencore Plc (LSE:GLEN; JSE:GLN) has received final regulatory approval for the acquisition of a 77% interest in Elk Valley Resources from Teck Resources. Glencore is listed on the London and Johannesburg 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) from 4.095% to 5.119%. Europa is listed on the London AIM and Johannesburg stock exchanges. Read the full announcement.

The Public Investment Corporation SOC Limited (“PIC”) has acquired a beneficial interest in the securities of Northam Holdings (JSE:NPH). The PIC now holds 20.09% in the company’s total issued share capital. Northam is listed on the Johannesburg Stock Exchange. Read the full announcement.

Orion Minerals Limited (ASX:ORN; JSE:ORN) has secured firm commitments for a Placement of new fully paid ordinary shares to raise ~A$7.7 million (~ZAR92.3 million. Orion is listed on the Australian and Johannesburg stock exchanges. Read the full announcement.

Kore Potash Plc (LSE:KP2; ASX:KP2; JSE:KP2; A2X:KP2) has raised approximately US$1,281,000 through the proposed issue of 91,802,637 new ordinary shares of US$0.001 each. Kore Potash is listed on the Australian, London AIM, Johannesburg and A2X stock exchanges. Read the full announcement.

INVESTMENT HOLDINGS

Coronation Asset Management (Pty) Limited (JSE:CML) has acquired a beneficial interest in the securities of CA Sales Holdings Limited (JSE:CAA; BSE:CAS). Coronation’s stake in the business amounts to 15.04%. CA Sales Holdings is listed on the Johannesburg and Botswana stock exchanges. Read the full announcement.

The Public Investment Corporation SOC Limited (“PIC”) has increased its stake in Reunert Limited (JSE:RLO; A2X:RLO). The PIC now owns 16.43% of the company, up from 14.19%. Reunert is listed on the Johannesburg Stock Exchange. Read the full announcement.

Ainsley Holdings Proprietary Limited, an indirect wholly owned subsidiary of Ibex Topco B.V., has reduced its beneficial interest in the issued ordinary share capital of Pepkor Holdings Limited (JSE:PPH) from 42.038% to 28.271%. Pepkor is listed on the Johannesburg Stock Exchange. Read the full announcement.

TRANSPORT & LOGISTICS

Silchester International Investors LLP has disposed of its entire interest in Zeda Limited (JSE:ZZD). Zeda is listed on the Johannesburg Stock Exchange. Read the full announcement.

RETAIL

The Goldman Sachs Group, Inc. has acquired a beneficial interest in the ordinary shares of Clicks Group Limited (JSE:CLS). Goldman now holds 5.41% of the company’s stock. Zeda is listed on the Johannesburg Stock Exchange. Read the full announcement. 

Following the judgement by the Constitutional Court in March 2023 in the case of ‘The Independent Community Pharmacy Association vs Clicks Group Limited and others’, Clicks Group Limited (JSE:CLS) has proposed to dispose of its position by the group divesting of its total shareholding in the Unicorn Pharmaceuticals. Clicks is listed on the Johannesburg Stock Exchange. Read the full announcement.

REAL ESTATE

The Public Investment Corporation SOC Limited (“PIC”) has acquired a beneficial interest in Stor-Age Property REIT Limited (JSE:SSS). The PIC’s stake now amounts to 20.023% of the total number of securities in issue. Stor-Age is listed on the Johannesburg Stock Exchange. Read the full announcement.

Lighthouse Properties Plc (JSE:LTE), through its wholly-owned subsidiary Lighthouse Netherlands B.V., has entered into a share purchase and sale agreement to acquire the Alegro Montijo shopping mall. Lighthouse is listed on the Johannesburg Stock Exchange. Read the full announcement.

Texton Property Investments UK Limited (JSE:TEX) has partially sold down its investment in the Blackstone Real Estate Income Trust iCapital Offshore Access Fund SPC from a total of 9,559.6383 Class I shares to 4,614.1917. Texton is listed on the Johannesburg Stock Exchange. Read the full announcement.

NEPI Rockcastle N.V. (JSE:NRP; EURONEXT:NRP; A2X:NRP), through its wholly owned subsidiary NE Property B.V., has agreed to dispose of 100% of the shares in the subsidiary holding the Serbian retail property known as Promenada Novi Sad. NEPI is listed on the Johannesburg, Euronext Amsterdam and A2X stock exchanges. Read the full announcement.

The Public Investment Corporation SOC Limited (“PIC”) has reduced its stake in Fairvest Limited (JSE:FTB), a property company. The PIC now holds 19.776% of Fairvest's total B shares. Fairvest is listed on the Johannesburg Stock Exchange. Read the full announcement.

BANKING

CalBank Plc (GSE:CAL) has completed a renounceable rights issue raising GH₵145,845,606.65 (~US$9,481,063.42). CalBank is listed on the Ghana Stock Exchange. Read the full announcement.

FOOD PRODUCTION

M&G Investment Managers (Pty) Ltd has acquired a beneficial interest in the issued ordinary shares of Rainbow Chicken Limited (JSE:RBO). M&G now owns 5.07% of the company. Rainbow is listed on the Johannesburg Stock Exchange. Read the full announcement.

Remgro Limited (JSE:REM) has acquired a beneficial interest in the issued ordinary shares of Rainbow Chicken Limited (JSE:RBO). Remgro now owns 80.2% of the company. Rainbow is listed on the Johannesburg Stock Exchange. Read the full announcement.

TRAVEL & LEISURE

36ONE Asset Management (Pty) Ltd has acquired a beneficial interest in the securities of Famous Brands Limited (JSE:FBR), a food service franchisor. 36ONE now owns 8.89% of the total number of securities in issue. Famous Brands is listed on the Johannesburg Stock Exchange. Read the full announcement.

Coronation Asset Management (Pty) Limited (JSE:CML) has reduced its stake in Famous Brands Limited (JSE:FBR), a food service franchisor. Coronation now holds 5.93% of the company’s total number of securities in issue. Famous is listed on the Johannesburg Stock Exchange. Read the full announcement.

HEALTHCARE

Ninety One SA Pty Limited (JSE:N91) has acquired an interest in the ordinary shares of Netcare Limited. Ninety One now holds 5.00% of the total issued ordinary shares of the company. Netcare is listed on the Johannesburg Stock Exchange. Read the full announcement.

MANUFACTURING

Brikor Limited (JSE:BIK) has proposed to its shareholders (other than Nikkel Trading 392 Proprietary Limited and the Brikor Share Incentive Scheme) that it delists from the Johannesburg Stock Exchange. Read the full announcement.

INDUSTRIAL

The Bidvest Group Limited (JSE:BVT), through its UK subsidiary the Bidvest Group (UK) Plc, has entered into an agreement to acquire 100% of Citron Hygiene LP from Birch Hill Equity Partners and other investors. The acquisition is subject to UK Competition and Markets Authority (CMA) approval. Bidvest is listed on the Johannesburg Stock Exchange. Read the full announcement.

Coronation Asset Management (Pty) Limited (JSE:CML) has reduced its stake in Motus Holdings Limited (JSE:MTH), a non-manufacturing provider of automotive products and services. Coronation’s stake now amounts to 9.39% of the total number of securities in issue. Motus is listed on the Johannesburg Stock Exchange. Read the full announcement.


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