🇿🇦 Johannesburg Stock Exchange

Imperial Holdings today announced that Imperial Logistics has entered into an agreement to acquire a 70% interest in Surgipharm for a cash consideration of US$35 million (c.ZAR470 million). The transaction is subject to regulatory approvals.

Sea Harvest Holdings Proprietary Limited (shortly to be converted to a public company and renamed Sea Harvest Group Limited) has announced its intention to list its issued ordinary share capital on the main board of the Johannesburg Stock Exchange (JSE), subject to approval by the shareholders of Brimstone Investment Corporation Limited (Sea Harvest’s JSE-listed controlling shareholder), market conditions and the requisite approvals by the JSE. It is currently envisaged that a capital raising of up to R1.5 billion (Private Placement) will be undertaken by Sea Harvest simultaneously with the Listing.

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies Limited from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of £33 million (€38 million), on a debt and cash-free basis.

The Coca-Cola Company and Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for 3.15 billion USD, after customary adjustments. CCBA includes the countries of South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros.