Weekly update | African listed companies, corporate deals (w/c 24 Jun)
Recent deals (M&A, IPOs, strategic shareholdings) include Rainbow Chicken Ltd, Cilo Cybin Holdings Ltd, Paladin Energy Ltd and Sephaku Holdings Ltd.
FOOD PRODUCTION
Rainbow Chicken Limited (JSE:RBO) has listed on the Johannesburg Stock Exchange. The company was previously a subsidiary of RCL Foods Limited (JSE:RCL). Both companies are now listed on the Johannesburg Stock Exchange. Read the full announcement.
CONSUMER GOODS
The Capital Group Companies, Inc has increased its stake in British American Tobacco Plc (LSE:BATS; JSE:BTI; NYSE:BTI) from 12.98% to 13.011258%. BAT Plc is listed on the London, Johannesburg and New York stock exchanges. Read the full announcement.
HEALTHCARE
Cilo Cybin Holdings Limited (JSE:RCL), a medical cannabis investment company, has listed on the Johannesburg Stock Exchange’s AltX Board as a Special Purpose Acquisition vehicle (SPAC). By listing as a SPAC, Cilo Cybin aims to secure its first target asset – the Cilo Cybin Pharmaceutical business and its 2,500 square metre facility in Midrand. Once this acquisition is complete, the strategy is to transition to the JSE Main Board. Read the full announcement.
REAL ESTATE
Spear REIT Limited (JSE:SEA) has entered into a sale of rental enterprise agreement with The City of Cape Town. According to the terms of the agreement, Spear will dispose of the property known as Erf 23427 Parow, City of Cape Town, situated at 100 Fairway Close, Parow Golf Course, Cape Town, with all improvements thereon, and the rental enterprise conducted by Spear on the property, as a going concern, for a disposal consideration of ZAR160 million. Spear is listed on the Read the full announcement.
BlackRock Inc has increased its stake in Hammerson Plc (LSE:HMSO; JSE:HMN) from 4.99% to 5.33%. Hammerson is listed on both the London and Johannesburg stock exchanges. Read the full announcement.
Attacq Waterfall Investment Company (AWIC) Proprietary Limited, a 70% held subsidiary of Attacq Limited (JSE:ATT), has reached a conditional agreement in which AWIC will acquire Att MOA 20 Proprietary Limited’s 20% share in the Mall of Africa. Following the deal, AWIC will own 100% of the Mall of Africa. Attacq is listed on the Johannesburg Stock Exchange. Read the full announcement.
INVESTMENT HOLDINGS
Remgro Limited (JSE:REM) has disposed of the entirety of its 9.1% holding in Momentum Metropolitan Holdings Limited (JSE:MTM; A2X:MTM; NSX:MTM). Momentum is one of South Africa’s largest diversified financial services companies with listings on the Johannesburg, A2X and Namibian stock exchanges. Read the full announcement.
South Africa’s Public Investment Corporation (PIC) SOC Limited has increased its stake in Pepkor Holdings Limited (JSE:PPH) to 10.295% of the company’s issued ordinary share capital. Pepkor is listed on the Johannesburg Stock Exchange. Read the full announcement.
Ninety One SA (Pty) Limited (JSE:N91; LSE;N91) has disposed of its beneficial interest in Reunert Limited (JSE:RLO; A2X:RLO). Ninety One now holds 4.28% of the total issued ordinary share of the company. Reunert is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.
MINING
Dr C W Powell, a private investor, has acquired a 4.095% stake in Europa Metals Plc (LSE:EUZ; JSE:EUZ). Europa is listed on the London AIM and Johannesburg stock exchanges. Read the full announcement.
B2Gold Corporation (TSX:BTO; NYSE:BTG; NSX:B2G) has sold 79,000,000 common shares of Calibre Mining Corporation. Immediately prior to the transaction, B2Gold owned 110,950,333 common shares of Calibre representing approximately 14.1% of the company. As a result of the transaction, B2Gold’s ownership has decreased to less than 10% of the issued and outstanding common shares of Calibre. Read the full announcement.
Paladin Energy Limited (ASX:PDN; OTCQX:PALAF; NSX:PDN) has acquired 100% of the issued and outstanding shares of Fission Uranium Corporation. Paladin is listed on the Australian, Namibian, Munich, Berlin, Stuttgart and Frankfurt stock exchanges. It is also available to trade via the OTCQX market. Read the full announcement.
ASSET MANAGEMENT
M&G Investment Managers (Pty) Ltd has reduced its stake in Ninety One Limited (JSE:NY1) and Ninety One Plc (LSE:N91) from 10.15% to 9.83% of the total issued securities of the class. Ninety One is listed on both the London and Johannesburg stock exchanges. Read the full announcement.
INDUSTRIAL
Metier Mixed Concrete Proprietary Limited, a wholly-owned subsidiary of Sephaku Holdings Limited (JSE:SEP), has acquired an industrial property located in Phoenix Industrial Park, Phoenix, KwaZulu Natal for a cash consideration of ZAR21 million. Sephaku is listed on the Johannesburg Stock Exchange. Read the full announcement.
Mr Volker Schuette, a private investor, has increased his beneficial interest in Hulamin Limited (JSE:HLM), an aluminium supplier and exporter, to 6.7% of the total issued share capital of the company. Hulamin is listed on the Johannesburg Stock Exchange. Read the full announcement.
TRAVEL & LEISURE
Foord Asset Management Proprietary Limited has raised its stake in Spur Corporation Limited (JSE:SUR; A2X:SUR) to 5.02%. Spur is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.
Coronation Asset Management (Pty) Limited (JSE:CML) has reduced its stake in Famous Brands Limited (JSE:FBR). Coronation’s stake now amounts to 14.51% of the total number of securities in issue. Famous is listed on the Johannesburg Stock Exchange. Read the full announcement.
BANKING
JP Morgan Chase & Co has reduced its stake in Capitec Bank Holdings Limited (JSE:CPI). JP Morgan’s stake now amounts to 4.70% of the total issued share capital of the company. Capitec is listed on Johannesburg Stock Exchange. Read the full announcement.
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