Also: Cementation Americas acquires Terra Nova Technologies and Aspen Pharmacare lists on A2X.
Naspers plans to spin off its international internet assets and separately list them in Amsterdam and South Africa.
The new company will comprise all of Naspers’ internet interests outside of South Africa including, among others, its companies and investments in the online classifieds, payments, food delivery, travel, education and social and internet platforms sectors.
The company is expected to be approximately 75 percent owned by Naspers and to have a free float of approximately 25 percent. The new global consumer internet group will have a primary listing on the Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange.
“Forming and listing a new, global consumer internet group on Euronext Amsterdam is a significant step for Naspers. It will provide a strong platform to attract incremental investor capital, which is well-aligned to our growth goals,"said Naspers CEO Bob van Dijk (pictured).
Read more: Naspers to spin-off international internet assets in Amsterdam
Embattled retailer Steinhoff announced that it had reached an in-principle agreement to sell 74.9 percent of Steinhoff Africa’s shares in automotive dealer network Unitrans to CFAO Holdings South Africa.
Read more: Steinhoff plans to sell stake in Unitrans
Alexander Forbes has said it plans to sell its insurance businesses as part of a shift in strategy towards an “advice-led and capital-light model”.
It will be seeking a buyer for its insurance businesses that include group risk, retail life and short-term, which generates about 40 percent of the group’s revenue.
Read more: Alexander Forbes plans to offload insurance businesses
Cementation Americas, which forms part of the Murray & Roberts underground mining platform, plans to acquire 100 percent of Terra Nova Technologies for $38 million (R552 million).
Murray & Roberts said the acquisition of Terra Nova Technologies (TNT) complements the engineering and construction services of Cementation Americas and the Murray & Roberts underground mining platform.
Read more: Murray Roberts Cementation Americas acquires Terra Nova Technologies
Aspen Pharmacare has become the latest company to agree for its shares to be traded on the platform of A2X.
The JSE-listed company said it will embark on a secondary listing on newcomer A2X’s platform. Its shares will start trading on the platform from April 1, 2019.
Read more: Aspen Pharmacare to list shares on A2X
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