Weekly update | African listed companies, corporate deals (w/c 5 Aug)

Recent deals (M&A, IPOs, strategic shareholdings) include Emira Property Fund Ltd, MTN Nigeria Ltd, Trematon Capital Investments Ltd and Botswana Diamonds Plc.

REAL ESTATE

Emira Property Fund Limited (JSE:EMI; A2X:EMI) has entered into a series of agreements with DL Invest Group 1 SCSP (controlled by Mr Dominik Leszczynski), and its wholly-owned subsidiary DL Invest Group S.A, to acquire an effective 25% interest in the issued shares of DL Invest. Emira has been granted an option to acquire a further interest in DL Invest which, if exercised, will result in Emira owning 45% of the issued shares of DL Invest. Emira is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.

Hyprop Investments Limited (JSE:HYP; A2X:HYP) has disposed of its entire sub-Saharan Africa portfolio to Lango Real Estate Limited. Hyprop is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.

Attacq Limited (JSE:ATT; A2X:ATT) has disposed of its entire sub-Saharan Africa portfolio to Lango Real Estate Limited. Attacq is listed on the Johannesburg and A2X stock exchanges. Read the full announcement. 

PrimeTime Property Holdings Limited (BSE:PRIMETIME) has received written notice from RDC Properties Limited (BSE:RDCP) of its intention to acquire all the linked units of PrimeTime not already held by RDC (the “Proposed General Offer”). Both PrimeTime and RDC are listed on the Botswana Stock Exchange. Read the full announcement.

MINING

Botswana Diamonds Plc (LSE:BOD; BSE:BOD) has undertaken to raise GBP250,000 via the issue of 78,125,000 new ordinary shares of 0.25p each in the capital of the company. Read the full announcement.

Andrada Mining Limited (LSE:ATM; NSX:ATM) has concluded the NAD175 million (~GBP7.5 million) funding agreements with Bank Windhoek Limited. These facilities replace Uis Tin Mining Company’s current banking facilities with immediate effect. Andrada is listed on the London AIM and Namibian stock exchanges. Read the full announcement.

Gold Fields Limited (JSE:GFI; NYSE:GFI) has acquired all the issued and outstanding common shares in Osisko Mining. Osisko’s primary asset is a 50% interest in the Windfall Project in Canada. Gold Fields is listed on the Johannesburg and New York stock exchanges. Read the full announcement.

Mantengu Mining Limited (JSE:MTU) has entered into an agreement with New Venture Mining Investment Holdings Proprietary Limited (NVMIH) for the acquisition of Meerust Chrome Proprietary Limited for a cash consideration of ZAR7 million. Mantengu is listed on the Johannesburg Stock Exchange. Read the full announcement.

The share capital of AngloGold Ashanti Plc (GSE:AGA; JSE:ANG; NYSE:AU) has increased from 420,435,965 as at June 30, 2024 to 420,439,615 as at July 31, 2024. This was because of the issue and listing of additional ordinary shares over the period. AngloGold Ashanti is listed on the Ghanaian, Johannesburg and New York stock exchanges. Read the full announcement.

BANKING

The Central Bank of Nigeria (CBN) has approved the proposal of a merger between Unity Bank Plc (NGX:UNITYBNK) and Providus Bank Limited. Unity is listed on the Nigerian Stock Exchange. Read the full announcement.

TELECOMS

MTN Nigeria Communications Plc (NGX:MTNN) has successfully renegotiated with IHS (Nigeria) Limited, INT Towers Limited, and IHS Towers NG Limited (together, IHS) to amend the binding commercial terms of the existing infrastructure sharing and master lease agreements. MTN Nigeria is listed on the Nigerian Stock Exchange. Read the full announcement.

MTN Nigeria Communications Plc (NGX:MTNN) has concluded the sale of Spacetel Guinea-Bissau S.A. (MTN Guinea-Bissau) following the receipt of all regulatory approvals. MTN Nigeria is listed on the Nigerian Stock Exchange. Read the full announcement.

INVESTMENT HOLDINGS

Trematon Capital Investments Limited (JSE:TMT) has disposed of 60% of its shareholding in GenEx, a start-up edu-tech business, to Dr Khamis Obaid Mubarak Al Ajmi (“Dr Khamis”), an investor in school operations. Trematon is listed on the Johannesburg Stock Exchange. Read the full announcement.

Coronation Asset Management (Pty) Limited has increased its stake in Pepkor Holdings Limited (JSE:PPH; A2X:PPH). Coronation’s holding now amounts to 5.00% of the company’s issued ordinary share capital. Pepkor is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.

Septen Investments Proprietary Limited, the indirectly held but wholly owned subsidiary of Brimstone Investment Corporation Limited (JSE:BRN), has acquired an interest in the “N” ordinary shares of the company. Septen’s holding now amounts to 5.27% of Brimstone. Brimstone is listed on the Johannesburg Stock Exchange. Read the full announcement.

Lazard Asset Management has increased its holding in the Bidvest Group Limited (JSE:BVT). Lazard now holds 5.21% of the total issued shares of the company. Bidvest is listed on the Johannesburg Stock Exchange. Read the full announcement.

RETAIL

Pick n Pay Stores Limited (JSE:PIK; A2X:PIK) has raised gross proceeds of ZAR4.0 billion via a rights offer. The transaction consisted of an issue of 252,206,809 new Pick n Pay ordinary shares at a subscription price of 1,586.0 cents (ZAR15.86) per rights offer share. Pick n Pay is listed on the Johannesburg Stock Exchange. Read the full announcement.

INSURANCE

The Capital Group Companies, Inc. has acquired a stake in Discovery Limited (JSE:DSY). Capital Group’s holding now amounts to 5.01% of the issued ordinary shares in the company. Discovery is listed on the Johannesburg Stock Exchange. Read the full announcement.

MANUFACTURING

Coronation Fund Managers (JSE:CML) has increased its stake in Mondi Plc (JSE:MNP; LSE:MDNI). Coronation’s holding now amounts to 5.01%, up from 4.97% of the business. Mondi is listed on the Johannesburg and London stock exchanges. Read the full announcement.


© Capital Markets Africa, 2024

Founded by journalist Chipo Muwowo, Capital Markets Africa aims to raise the profile of African listed companies. Whether you're a retail or institutional investor, based in Africa or outside, we want you to be better educated about the investment opportunity set and the broader African equities market ecosystem. Subscribe today!