M&A Roundup: Afrimat and EOH make headlines
Quilter explores the disposal of life insurance business and GIAP begins acquisition trail into Africa.
Afrimat has ditched its plan to take over Universal Coal given the size and complexity of the deal.
London-based Quilter is exploring the possible disposal of its life insurance business. Quilter, which is Old Mutual’s former wealth management business, said it is considering selling its Old Mutual Wealth Life Assurance unit. Quilter is led by CEO Paul Feeney (pictured).
Growthpoint Investec African Properties (GIAP) has concluded the acquisition of 97.5 percent in Achimota Retail Centre, a prime shopping centre in Accra, Ghana.The asset was acquired from AttAfrica, which is a joint venture between JSE-listed Reits Attacq and Hyprop Investments, with other smaller stakeholders.
EOH has sold 70 percent of its Construction Computer Software business to RIB Software for R444.4 million, which is as part of a strategic partnership agreement with the German buyer.