Weekly update | African listed companies, corporate deals (w/c 22 Jul)
Recent deals (M&A, IPOs, strategic shareholdings) include Oando Plc, Cimerwa Plc, Grindrod Shipping Holdings Ltd and Anglo American Plc.
ENERGY
Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for the sale of 100% of the shares of Nigerian Agip Oil Company (NAOC) to Oando Plc (NGX:OANDO; JSE:OAO). Oando is listed on the Nigerian and Johannesburg stock exchanges. Read the full announcement.
ABN AMRO Bank N.V. has reduced its stake in Kibo Energy Plc (JSE:KBO; LSE:KIBO). ABN AMBO now owns 7.77% of the firm, down from 11.68%. Kibo is listed on the Johannesburg and London AIM stock exchanges. Read the full announcement.
INDUSTRIAL
Taylor Maritime Investments Limited (LON:TMI), through a wholly-owned subsidiary, has acquired approximately 82.33% of the outstanding shares of Grindrod Shipping Holdings Limited (JSE:GSH; NASDAQ:GRIN). Grindrod is listed on the Johannesburg and Nasdaq stock exchanges. Read the full announcement.
Cimerwa Plc (RSE:CMR) has acquired Prime Cement in an off-market transaction. Cimerwa is listed on the Rwanda Stock Exchange. Read the full announcement.
M&G Investment Managers (Pty) Limited has disposed of all of its shares in enX Group Limited (JSE:ENX), an industrial energy group. enX is listed on the Johannesburg Stock Exchange. Read the full announcement.
TRANSPORT & LOGISTICS
36ONE Asset Management (Pty) Ltd has acquired a beneficial interest in the securities of Zeda Limited (JSE:ZZD). 36ONE now holds 5.00% of Zeda’s is listed on the Johannesburg Stock Exchange. Read the full announcement.
REAL ESTATE
The boards of Vukile Property Fund Limited (JSE:VKE; NSX:VKN) and its subsidiary, Castellana Properties Socimi S.A., have noted the proposed voluntary cash tender offer for the shares of Lar España Real Estate Socimi S.A.by a consortium formed between Hines European Real Estate Partners III SCSp and a vehicle controlled by Grupo Lar Inversiones Inmobiliarias, S.A. Vukile is listed on the Johannesburg and Namibian stock exchanges. Read the full announcement.
Lighthouse Investments Plc (JSE:LTE), through its wholly-owned subsidiary Lighthouse Investments d.o.o., has entered into an asset purchase and business transfer agreement for the disposal of the Planet Koper mall in Koper, Slovenia. The aggregate disposal consideration is EUR 68.75 million. Lighthouse is listed on the Johannesburg Stock Exchange. Read the full announcement.
Hammerson Plc (JSE:HMN; LSE:HMSO) has entered into a binding agreement for the disposal of its entire interest in the Value Retail Group to Silver Bidco Limited, a newly-formed company incorporated in Jersey and established by certain affiliates of L Catterton, for an enterprise value of £1.5bn. Hammerson is listed on both the Johannesburg and London stock exchanges. Read the full announcement.
The UK subsidiary of Texton Property Fund Limited (JSE:TEX), TPI UK No2 Limited (“TPI”), has invested in a partnership with WS Industrial GP LLC to acquire 90% of an infill class-B stand-alone industrial property in North Carolina, USA. The initial capital contribution of US$2.75 million (ZAR50.23 million) will contribute to acquiring the property and the related transaction costs to be incurred. The remaining capital commitment of US$430,315 (ZAR7,866,158) will provide for possible repurposing of the property upon the expiry of the lease. Texton is listed on the Johannesburg Stock Exchange. Read the full announcement.
Equites Property Fund Limited (JSE:EQU) has concluded a transaction to exit from the Equites Newlands Group Limited development platform. The total consideration amounts to £10 million. Equities is listed on the Johannesburg Stock Exchange. Read the full announcement.
RETAIL
Coronation Asset Management Proprietary Limited has increased its stake in SPAR Group Limited (JSE:SPP; A2X:SPP). Coronation now holds 10.00% of the total issued ordinary share capital of the company. SPAR is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.
INVESTMENT HOLDINGS
Old Mutual Limited (JSE:OMU; LSE:OMU) has reduced its stake in Wilson Bayly Holmes-Ovcon Limited (JSE:WBO). WBHO is listed on the Johannesburg Stock Exchange. Old Mutual’s now holds 8.84% of the total issued ordinary shares of WBHO. Read the full announcement.
TECHNOLOGY
PERESEC has acquired a beneficial interest in the securities of Mustek Limited (JSE:MST), an assembler and distributor of ICT products. PERESEC now holds 23.09% of Mustek’s total issued share capital. Mustek is listed on the Johannesburg Stock Exchange. Read the full announcement.
MINING
Anglo American Plc (JSE:AGL; LON: AAL) has entered into definitive agreements to sell two royalties to Taurus Funds Management for a total of up to US$195 million in cash – comprising an upfront cash payment of US$150 million and up to US$45 million of deferred cash consideration that is subject to certain conditions. Anglo is listed on the Johannesburg and London 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 5.12% to 6.14%. Europa is listed on the London AIM and Johannesburg stock exchanges. Read the full announcement.
Orion Minerals Limited (ASX:ORN; JSE:ORN) has raised A$3.6 million (~ZAR44 million) via a share purchase plan. Orion is listed on the Australian and Johannesburg stock exchanges. Read the full announcement.
MC Mining Limited (JSE: MCZ; ASX:MCM; LSE:MCM) has entered into a A$1.0 million (~US$0.7 million) loan facility with Eagle Canyon International Group Holding Limited of Hong Kong. ECIGH is controlled by Christine He, MC Mining’s interim managing director and chief executive officer. MC Mining is listed on the Johannesburg, Australian and London AIM stock exchanges. Read the full announcement.
FOOD PROCESSING
M&G Investment Managers (Pty) Limited has reduced its stake in Oceana Group Limited (JSE:OCE). M&G’s holding now amounts to 9.14% of the total issued ordinary shares of the company. Oceana is listed on the Johannesburg Stock Exchange. Read the full announcement.
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