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Copenhagen Infrastructure Partners (CIP) has through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) acquired the majority share of Mulilo Energy Holdings (Mulilo), a leading South African renewable energy developer based in Cape Town. CIP will assume full control of the company, with the current founders and management remaining on board and driving the company’s ... Read more...
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WCG today announced its acquisition of ... Read more...
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Further to the announcement of the signing of a Memorandum of Understanding relating to the possible acquisition of Consolidated Growth Holdings Limited's ("CGH") interest in the Lubu Coalfield project in Zimbabwe (the "Lubu Coalfield"), the board of the Company are pleased to announce that on 8 April 2019 the Company entered into a Share Pur ... Read more...
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Cohort plc, the independent technology group, is pleased to announce that it has acquired a majority stake in Chess Technologies Limited ("Chess"), a UK-based world leader in integrated fire control and tracking systems for military vehicles and naval ships, for an initial cash consideration of £20.1 million.
Highlights:& ... Read more...
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In a move that will totally shake up the TV industry and bring an end to the Rupert Murdoch era in broadcasting, the Walt Disney Company has agreed to buy most of 21st Century Fox.
For $52.4 billion, plus an additional $13.7 billion in debt, the House of Mouse will acquire Fox's film and television studios — a boon ... Read more...
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In a move to expand its visibility in east Africa, Sanlam Emerging Markets (SEM) has acquired Uganda’s Lion Assurance Company for a purchase price of $6.5m.
Lion Assurance Company (LAC), which is owned by Botswana-based Trans Industry Proprietary, is an insurance company in Uganda with its business mainly in motor, financial, personal accident and fire insurance. ... Read more...
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Aureus Mining Inc., ("Aureus" or the "Company"), the TSX and AIM listed West African Gold Producer, is pleased to announce that the Company has agreed to acquire three exploration licences from Sarama Resources Ltd. ("Sarama"). These licences are contiguous to the Company's Bea Mountain Mining Licence and are located close to ... Read more...
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Avanti Communications Group plc ("Avanti" or "the Group"), a leading provider of satellite data communications services in Europe, the Middle East and Africa, has been appointed by Quantis to supply a major broadcast deployment for the Aragon Government in Spain. The multi-year contract builds on Avanti's existing par ... Read more...
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Solo today announces that it has exchanged its shareholding in Pan Minerals Oil and Gas AG ("Pan Minerals") for a direct holding of 15.9% in Burj Petroleum Africa Limited ("Burj Africa"), a private UK registered company created with the purpose of participating in the current marginal field licensing round in Nigeria. Burj Africa has partnered with Mr. ... Read more...
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Further to previous announcements (in particular that of 11 November 2014), Masawara PLC (AIM: MASA) announces that on 23 March 2015, the remaining minority shareholders of TA unanimously voted to accept a new offer of US$0.2509 per share made by Masawara Holdings Mauritius Limited ("MHML"), a wholly owned subsidiary of Masawara PLC.
The acqui ... Read more...
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James Fisher ("James Fisher" or 'the Group") announces today the acquisition of the entire share capital of Subtech Group Holdings (Pty) Ltd ("Subtech" or the "Company").
The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZA ... Read more...
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Solo is pleased to confirm that formal approval has been received from the Tanzanian Authorities for the Company to acquire up to a 13% interest in Kiliwani North Development Licence ("KNDL") from Aminex plc. There now remains no further conditions precedent to the previously announced acquisition of a 6.5% interest in the KNDL for US$3.5 million and the transaction has ... Read more...
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Solo today confirms that further to its announcements on 14 October and 17 December 2014 the Company has now signed the Asset Purchase Agreement with Aminex plc ("Aminex") for the first 6.5% interest in the Kiliwani North Development Licence ("KNDL") at a total consideration of US$3,500,000. Further, Solo and Aminex have agreed to amend the terms of th ... Read more...
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Kennedy Ventures plc ("Kennedy Ventures" or the "Company") is pleased to provide an update regarding the Company's acquisition of 75% of African Tantalum (Pty) Limited ("Aftan"), (the "Transaction").
As previously announced, Aftan had signed a conditional agreement with Mag ... Read more...
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African Eagle, the investing company that has been seeking opportunities within the natural resources, infrastructure and services sectors, is pleased to announce that yesterday it, through its newly incorporated South African wholly-owned subsidiary ("Buyer"), entered into a conditional agreement ("Agreement") to acquire the entire issued and to be is ... Read more...
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Obtala Resources Limited (AIM:OBT), the emerging agri-processing, farming and timber company, is pleased to announce that it has signed an agreement ("Agreement") for the purchase of a controlling 72.69% shareholding in Lifes' Comfort Solutions (Pty) Limited, a private Lesotho registered company (the "Vendor") which operates five departmental retail outl ... Read more...
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Solo Oil plc (AIM: SOLO) is pleased to announce that it has signed binding heads of agreement to acquire an initial 6.5% interest in the soon to be producing Kiliwani North Development License ('KNDL') in Tanzania from Ndovu Resources Ltd. ('Ndovu'), a wholly-owned subsidiary of Aminex PLC ("Aminex"), for a total consideration of US$3.5 m ... Read more...
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The Africa Finance Corporation (“AFC”) is a Mandated Lead Arranger of a US $1.305 billion pre-payment facility for Glencore Energy UK (“Glencore”). The facility will be used by Glencore to provide financing of up to US $1.450 billion to Societe des Hydrocarbures du Tchat (“SHT”), the National Oil Company of Chad. The p ... Read more...
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Kimberley Diamonds Limited (KDL) has announced the acquisition of Mantle Diamonds Limited (Mantle) from private equity firm Pacific Road Capital, who previously held a 100% stake in the British diamond business.
KDL is a mineral resource and exploration company that become incorporated in 2011 and owns and operates the Ellendale Diamond Project in Western Austr ... Read more...
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KEFI Minerals, the AIM-quoted gold and copper exploration and development company, announces that it has completed the Acquisition of 75% of the issued share capital of Nyota Minerals (Ethiopia) Limited ("Nyota Ethiopia") - (a wholly owned subsidiary of Nyota Minerals Limited ("Nyota") and the holder of the Tulu Kapi exploration licence and surrounding explorati ... Read more...
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WPP announces that it has acquired a majority stake in Cerebra Communications, an integrated strategic communication agency based in Johannesburg.
Founded in 2006 and employing 35 people, Cerebra builds, engages and activates brand communities for clients including Nedbank and Vodacom. Cerebra's services include community management, crisis management, ... Read more...
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Africa Oilfield Logistics Ltd, the AIM listed African focused support services and logistics company, is pleased to announce that its 49% owned subsidiary, Ardan Risk & Support Services ('Ardan'), has acquired a 20% interest in Energy Resources Group Africa Limited ('ERG') (the 'Acquisition'), a specialist provider of professional onshore and ... Read more...
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Keller (LSE: KLR), the international ground engineering specialist, announces that it has agreed to purchase the Geotechnical Division of the Johannesburg-listed civil engineering and construction company Esorfranki Limited (JSE: ESR) for an initial consideration of R500m (£31m).
Esorfranki Geotechnical is the large ... Read more...
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Alecto Minerals plc, the AIM listed African focussed multi-commodity exploration and development company, is pleased to announce that it has signed a binding agreement with AIM quoted African Mining & Exploration plc ('AME') to acquire its subsidiary AME West Africa Ltd ('AME West Africa') (the 'Acquisition'). AME West Africa owns, ... Read more...
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The acquisition of an additional 33,966,333 shares, representing approximately 23.3 per cent. of the outstanding share capital of FHN, from a combination of Capital Alliance Energy Nigeria Limited ("CAPE"), Earl Act Global Investments Limited and other FHN shareholders (excluding any related parties), has been undertaken at an average price of US$3.10 per share in cash (the & ... Read more...
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WPP announces that its wholly-owned global digital agency VML, part of the Young & Rubicam Group, has agreed to acquire a majority stake in NATIVE, a leading South African digital marketing agency, subject to regulatory approval. The investment represents the latest step in VML's global expansion. Following the transaction, the agency will become NATIVE VML.
... Read more...
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Proposed acquisition from a subsidiary of Panoro Energy ASA of a 6.502 per cent. participating interest (representing c. 16.3 per cent.cost interest and c. 12.2 per cent. revenue interest) in OML113 offshore Nigeria for a consideration of US$30 million:
- Located in the Benin Embayment along the West ... Read more...
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Norfund signed an agreement in March to invest just under $5 million (30 million NOK) in equity in NMBZ Holdings in Zimbabwe. The investment in NMBZ Holdings, will primarily go to capitalising its largest subsidiary, NMB Bank in Zimbabwe. This represents a 9 percent stake in NMBZ Holdings, and is the first Norwegian direct investment in the country following the difficult econo ... Read more...
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Vantage Risk Capital has committed to invest up to $30 million (R280 million) worth of mezzanine capital to Genser Energy’s Ghana-based operations.
The deal marks Vantage’s first investment in West Africa, and its second transaction outside South Africa. Vantage’s financing will primarily go into the completion of the Chi ... Read more...
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Solo is pleased to announce that it has signed a binding Memorandum of Understanding ("MOU") to acquire a 15% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals"). Solo will pay a cash consideration of £200,000 plus 60 million new ordinary Solo shares of 0.01p each representing a total aggregate consideration of &pou ... Read more...
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Frutarom Industries Ltd. ("Frutarom") hereby announces that today it signed an agreement through a subsidiary in South Africa to acquire 100% of the share capital of the South African flavors company JannDeRee (Pty) Limited ("JannDeRee") for approximately USD 5.2 million.
&a ... Read more...
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Fonds Cauris Croissance II, a West African fund manager owned by Cauris Management, is to invest 4.1 billion FCFA (about £6.3 million) in Banque Atlantique, the regional banking group, through Atlantic Financial Group (“AFG”).
Cauris Management is a private equity fund manager that has been active in West Africa, mainly Francophone ... Read more...
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Pan African and Harmony are pleased to advise their shareholders that the last remaining condition precedent to the Transaction has been fulfilled following receipt of the consent required in accordance with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002.
Accordingly, the Transaction is now unconditional.
Pan African shall ... Read more...
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Anglo-African Minerals Plc acquires a further estimated 300 million tonne Bauxite resource in Guinea
The Directors of Anglo- African Minerals plc ("Company"), the dedicated bauxite exploration and development company is pleased to announce the acquisition of Forward African Resources S.A. ("FAR").
T ... Read more...
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On the heels of a strong growth year, Orascom Telecom Holding S.A.E. ("Orascom") and WIND Mobile's founder, Chairman and Chief Executive Officer Anthony Lacavera, jointly announce that they have entered into an agreement to transfer Mr. Lacavera's shares of WIND Mobile Canada to Orascom.
Mr. Lacavera, who plans to lau ... Read more...
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Datatec Limited ("Datatec" or "the Group") (JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, has signed an agreement dated 29 November 2012 ("signature date") to acquire Comztek Holdings (Pty) Ltd ("Comztek"), a major ICT and networking distributor in Africa fo ... Read more...
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StratMin Global Resources Plc (AIM: STGR), the AIM quoted natural resource investment company focused on graphite mining and exploration, is pleased to announce the conditional acquisition ("Acquisition") of the remaining 85% of shares in Graphmada Equity Pte Ltd ("Graphmada") not already owned by the Company for a consideration of £25.5 million, to be ... Read more...
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Bayfield Energy Holdings plc ("Bayfield" or the "Company") (Ticker Symbol: BEH), an upstream oil and gas exploration and production company with interests in Trinidad & Tobago and South Africa, today announces proposals for a merger with Trinity Exploration & Production Limited ("Trinity").
S ... Read more...
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ABSA have taken over retailer Edcon’s private label credit program in a deal that will ensure a long term relationship between the two. The alliance will see Edcon retain the customer relationship while ABSA will provide credit underwriting and funding.
The Edcon store card business operates primarily in South Africa (approxima ... Read more...
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Better Capital PCC Limited has been informed of the acquisition of a French company Airia SAS and its subsidiaries ("Airia") by Gardner-Airia Holdings SAS, a sister company of Gardner Group Limited ( ... Read more...
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"Transaction strengthens Coal of Africa's position as one of the most substantial holders of prospecting and mining rights for coking coal in South Africa's Soutpansberg coalfield," says CEO John Wallington.
Coal of Africa Limited ("CoAL" or "the Company"), ... Read more...
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Paragon Diamonds, the African-focused diamond explorer and developer, is pleased to announce that it has acquired the remaining 1.5% interest in International Diamond Consultants ("IDC") from Obtala Resources Limited.
IDC holds interests in the Group's Lemphane and Motete mining exploration projects in Lesotho, the ... Read more...
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Blackstar, the African focussed investment company, is pleased to announce that it has acquired 146,423,470 ordinary shares in MVG (the "Shares"), representing c.28% of MVG's issued ordinary share capital (excluding treasury shares), for R3.20 per share (the "Acquisition"). The Shares have been acquired from funds managed by Coronation Fund Managers for a total ca ... Read more...
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Sekunjalo Investments Limited (SKJ) has acquired a stake in Pioneer Foods Group Limited (PFG) worth more than R95million. This represents 0.75% of the listed Pioneer Foods.
According to Sekunjalo's CEO, Khalid Abdulla, the deal is significant for Sekunjalo and is perfectly aligned with the company's strategy to diversify its business and enhance va ... Read more...
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JSE materials supplier Afrimat (AFT) has entered into an agreement to acquire 100% of the issued ordinary share capital of SA Block and its 100% owned subsidiary Clinker Supplies for R123.5 million.
The sellers included Aureos Southern Africa Fund LLC, Hans-Elisabeth Pfeffer, S.A. Block Employees Trust and Karl-Anton Pfeffer.
The parties to the tran ... Read more...
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Egypt-based Al Borg Laboratories, a medical-testing company controlled by funds managed by Abraaj Capital, has entered into an agreement for the acquisition of 51% of the share capital of the Medical Genetics Center (“MGC”), Egypt’s largest private Cytogenetics-testing laboratory with an estimated 70% share of the Egyptian private market.
... Read more...
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Polo today announces that it has agreed to acquire TSX-V listed AXMIN Inc.'s ("AXMIN") 49 per cent. interest in Nimini Holdings Limited ("Nimini") for a cash consideration of US$9 million. Polo completed its acquisition of a 51 per cent. interest in Nimini on 29 September 2011 and will, upon completion of this acquisition, own a 100 per cent. interest in Nimini.&l ... Read more...
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We are pleased to announce today that Compass Group, through its subsidiary Compass Group Southern Africa (Proprietary) Ltd ("CGSA"), has agreed to acquire Supercare Services Group (Proprietary) Limited ("Supercare") from, amongst others, management, Zungu Investments (Proprietary) Ltd, Corvest 6 (Proprietary) Ltd and Dickerson Investments (Proprietary) Ltd. For the ye ... Read more...
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Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that Westcon has agreed to acquire Sentronics SD (Pty) Ltd ("Sentronics"), a South African value added distributor of IT physical security and video solutions. The cash consideration is not disclosed.
This acquisiti ... Read more...
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EO Group has sold its entire interest in Ghana’s Jubilee Oil Field to Tullow Oil plc.
The deal which was completed on 25th July 2011 has increased Tullow's interest in the West Cape Three Points licence offshore Ghana by 3.5 percent to 26.4 percent and its interest in the Jubilee Oil Field, which mainly operates by the co ... Read more...
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Global Petroleum Limited ("Global" or "Company") is pleased to announce that it has now completed the acquisition of Jupiter Petroleum Limited ("Jupiter") which holds prospective oil and gas exploration interests in offshore Namibia and in offshore Juan de Nova, a French dependency in the Mozambique Channel.
Jupiter's assets ... Read more...
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Advised by Banwo & Ighodalo and White & Case, the Federal Republic of Nigeria has launched its debut international bond issue. The US$500 million 10-year bond, which was sold to US investors under Rule 144A and outside the US in reliance on Regulation S, is listed on the London Stock Exchange.
Nigeria is Africa's most populous nation and ... Read more...
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