Also: Ascendis Health sells off biosciences division, and SAPPI and Efficient Group acquires internationally.
Bushveld Minerals has pushed back its listing on the Johannesburg Stock Exchange (JSE) to 2020, because it wants to complete its takeover of Vanchem.
Read more: Bushveld Minerals delays its Johannesburg IPO to 2020
Ascendis Health is considering selling the two remaining businesses in its biosciences division, Avima and Klub M5, after it offloaded three companies in that unit. The sale of Afrikelp, Efekto and Marltons to a consortium comprising RMB Ventures Seven, Nedbank Private Equity and some more managers is now complete after receiving approval from competition authorities.
Read more: Ascendis Health mulls more asset sales
Brimstone Investment has secured a replacement black economic empowerment (BEE) investor to acquire its 15 percent shareholding in Clover, South Africa’s biggest dairy and branded foods producer.
Read more: Brimstone Investment sells its Clover shares to BEE consortium
Efficient Group might delist from the JSE after Mauritian private equity group Apis Growth 12 made an offer to buy shares held by minority shareholders.
Read more: Efficient Group might delist from the JSE
Sappi Limited subsidiary, Sappi Canada Enterprises Inc, has signed an agreement to acquire the Matane high yield hardwood pulp mill in Quebec from Rayonier Advanced Materials for $175 million.
The increased pulp integration is expected to lower Sappi's costs of pulp, reduce the volatility of earnings throughout the pulp cycle and provide certainty of supply.
Read more: South Africa’s SAPPI buys Candian paper mill
Vukile Property Fund's 72.1 percent-held subsidiary, Castellana Properties Socimi SA, has completed the acquisition of Puerta Europa Shopping Centre for a purchase consideration of €56.8 million.
Read more: Vukile’s Spanish assets pass $1 billion
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