Standard Bank partners with Microsoft, Clover acquisition experiences more delays and other acquisitions.
Ascendis Health will sell three businesses within its Biosciences division, Efekto, Marltons and Afrikelp, to a consortium consisting of RMB Ventures Seven Proprietary, Nedbank Private Equity and certain members of the management of the Ascendis Biosciences division, for R480 million.
Anglo American has signed a 20-year deal worth about $1.5 billion (R22 billion) with pellet producer Bahrain Steel BSC for the supply of iron ore.
Anglo will supply up to 8 million tonnes (mt) /year of pellet feed, providing Bahrain Steel's two production lines in Hidd with around 60 percent of their expected needs based on annual rated total capacity of 12 million mt/year of pellets.
Standard Bank Group and Microsoft announced a new strategic partnership that will help to transform the bank’s technology estate and internal corporate functions. The partnership will see Microsoft providing cloud services for the bank’s internal corporate functions such as treasury, finance, employee productivity and human resources.
The acquisition of South Africa’s biggest dairy producer Clover Industries by a consortium called Milco has been delayed and will no longer be finalised on 3 May 2019.
Bushveld Minerals, a South Africa-based and London listed integrated primary vanadium producer, has acquired Vanchem Vanadium Products.
Crossfin has acquired a stake in InsurTech start-up Nobuntu through its Blue Garnet Ventures angel investment arm.
GRL Steel has been acquired by a black women consortium led by the Akhona Group and Xitsavi SPV. The consortium has acquired a majority 51 percent economic interest in the business, and GRL Steel has changed its name to Borwa Steel Services with immediate effect.